VEREIT Inc. (VER) Shares Bought by Aperio Group LLC
Aperio Group LLC raised its stake in VEREIT Inc. (NYSE:VER) by 24.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 315,564 shares of the financial services provider’s stock after acquiring an additional 62,729 shares during the period. Aperio Group LLC’s holdings in VEREIT were worth $2,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WINTON GROUP Ltd acquired a new position in VEREIT in the second quarter valued at $100,000. Strid Group LLC acquired a new position in VEREIT in the second quarter valued at $105,000. Sheaff Brock Investment Advisors LLC boosted its stake in shares of VEREIT by 26.8% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 14,033 shares of the financial services provider’s stock worth $114,000 after buying an additional 2,969 shares during the period. IBM Retirement Fund boosted its stake in shares of VEREIT by 31.3% during the second quarter. IBM Retirement Fund now owns 14,253 shares of the financial services provider’s stock worth $116,000 after buying an additional 3,395 shares during the period. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of VEREIT during the third quarter worth about $117,000. Institutional investors own 84.87% of the company’s stock.
VER has been the subject of several recent research reports. Zacks Investment Research downgraded shares of VEREIT from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. ValuEngine upgraded shares of VEREIT from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. BidaskClub upgraded shares of VEREIT from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of VEREIT in a research note on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $9.88.
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VEREIT Inc. (VER) opened at $8.21 on Monday. VEREIT Inc. has a 1-year low of $7.44 and a 1-year high of $9.12. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market cap of $7,998.41, a PE ratio of 11.25 and a beta of 0.74.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a $0.138 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.55 dividend on an annualized basis and a yield of 6.72%. VEREIT’s dividend payout ratio (DPR) is presently -549.95%.
VEREIT, Inc is a full-service real estate operating company. The Company operates through two business segments: real estate investment (REI) segment and investment management segment, Cole Capital. As of December 31, 2016, through its REI segment, the Company owned and managed a portfolio of 4,142 retail, restaurant, office and industrial real estate properties with an aggregate of 93.3 million square feet, which are located in 49 states, Puerto Rico and Canada.
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