Teacher Retirement System of Texas boosted its position in shares of Vereit Inc. (NYSE:VER) by 24.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,127,362 shares of the company’s stock after buying an additional 224,702 shares during the period. Teacher Retirement System of Texas owned approximately 0.12% of Vereit worth $11,691,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Vereit by 1.1% in the second quarter. Vanguard Group Inc. now owns 135,834,331 shares of the company’s stock valued at $1,377,360,000 after buying an additional 1,416,327 shares in the last quarter. FMR LLC boosted its stake in Vereit by 20.3% in the second quarter. FMR LLC now owns 82,998,582 shares of the company’s stock worth $841,606,000 after buying an additional 14,029,056 shares during the last quarter. Cbre Clarion Securities LLC boosted its stake in Vereit by 2.7% in the second quarter. Cbre Clarion Securities LLC now owns 35,253,903 shares of the company’s stock worth $357,475,000 after buying an additional 923,858 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Vereit by 3.3% in the second quarter. BlackRock Fund Advisors now owns 13,348,991 shares of the company’s stock worth $135,359,000 after buying an additional 427,627 shares during the last quarter. Finally, First Foundation Advisors boosted its stake in Vereit by 0.5% in the second quarter. First Foundation Advisors now owns 7,129,076 shares of the company’s stock worth $72,289,000 after buying an additional 35,713 shares during the last quarter. 82.34% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Vereit (NYSE:VER)

Vereit Inc. (NYSE:VER) traded up 2.383% during midday trading on Tuesday, reaching $8.549. The company had a trading volume of 4,498,007 shares. The company has a 50-day moving average of $9.03 and a 200-day moving average of $9.87. The stock’s market capitalization is $8.32 billion. Vereit Inc. has a 12-month low of $6.68 and a 12-month high of $11.09.

Vereit (NYSE:VER) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. Vereit had a negative return on equity of 3.12% and a negative net margin of 18.02%. The business had revenue of $362.90 million for the quarter, compared to analyst estimates of $320.29 million. During the same period last year, the company earned $0.21 EPS. Vereit’s revenue for the quarter was down 5.7% compared to the same quarter last year. On average, analysts predict that Vereit Inc. will post $0.77 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th will be given a $0.1375 dividend. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 6.59%. Vereit’s dividend payout ratio is currently -141.02%.

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A number of equities research analysts have commented on VER shares. Capital One Financial Corp. upgraded shares of Vereit from an “equal weight” rating to an “overweight” rating in a report on Friday, August 5th. Zacks Investment Research upgraded shares of Vereit from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Mizuho started coverage on shares of Vereit in a report on Thursday, October 13th. They issued a “neutral” rating and a $9.50 price target for the company. DA Davidson restated a “hold” rating on shares of Vereit in a report on Thursday, November 10th. Finally, JMP Securities restated a “hold” rating on shares of Vereit in a report on Saturday, November 19th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $9.97.

Vereit Company Profile

5 Day Chart for NYSE:VER

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