Skandinaviska Enskilda Banken AB publ lessened its stake in shares of VEREIT Inc. (NYSE:VER) by 3.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 347,905 shares of the financial services provider’s stock after selling 13,000 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in VEREIT were worth $2,884,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. WINTON GROUP Ltd bought a new stake in VEREIT during the 2nd quarter valued at $100,000. Strid Group LLC bought a new stake in VEREIT during the 2nd quarter valued at $105,000. Ffcm LLC bought a new stake in VEREIT during the 3rd quarter valued at $111,000. Sheaff Brock Investment Advisors LLC increased its stake in VEREIT by 26.8% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 14,033 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 2,969 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new stake in VEREIT during the 3rd quarter valued at $117,000. Institutional investors own 85.28% of the company’s stock.

VEREIT Inc. (NYSE:VER) traded down $0.12 during midday trading on Wednesday, hitting $7.75. 13,208,100 shares of the stock traded hands, compared to its average volume of 8,539,084. VEREIT Inc. has a 12-month low of $7.44 and a 12-month high of $9.12. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market cap of $7,667.17, a price-to-earnings ratio of 10.78 and a beta of 0.73.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a $0.138 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.55 annualized dividend and a dividend yield of 7.12%. VEREIT’s payout ratio is -549.95%.

A number of brokerages have commented on VER. Zacks Investment Research lowered shares of VEREIT from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Stifel Nicolaus restated a “hold” rating on shares of VEREIT in a research note on Wednesday, November 1st. Finally, ValuEngine upgraded shares of VEREIT from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $9.81.

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About VEREIT

VEREIT, Inc is a full-service real estate operating company. The Company owns and manages a diversified portfolio of retail, restaurant, office and industrial real estate assets. It operates through two segments: real estate investment (REI) segment and its investment management segment, Cole Capital.

Institutional Ownership by Quarter for VEREIT (NYSE:VER)

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