Dynamic Technology Lab Private Ltd acquired a new position in VEREIT Inc. (NYSE:VER) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 28,508 shares of the financial services provider’s stock, valued at approximately $236,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Creative Planning increased its stake in shares of VEREIT by 15.0% in the 2nd quarter. Creative Planning now owns 14,959 shares of the financial services provider’s stock worth $122,000 after acquiring an additional 1,950 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of VEREIT by 60.0% in the 2nd quarter. Acadian Asset Management LLC now owns 68,251 shares of the financial services provider’s stock worth $556,000 after acquiring an additional 25,582 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of VEREIT by 64.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 49,575 shares of the financial services provider’s stock worth $404,000 after acquiring an additional 19,375 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of VEREIT by 3.6% in the 2nd quarter. CIBC Asset Management Inc now owns 48,788 shares of the financial services provider’s stock worth $397,000 after acquiring an additional 1,683 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of VEREIT by 42.9% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 400,000 shares of the financial services provider’s stock worth $3,256,000 after acquiring an additional 120,000 shares in the last quarter. Institutional investors and hedge funds own 85.28% of the company’s stock.

VER has been the subject of several research reports. Zacks Investment Research lowered shares of VEREIT from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Stifel Nicolaus reiterated 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 analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. VEREIT presently has a consensus rating of “Buy” and an average price target of $9.81.

VEREIT Inc. (VER) traded up $0.04 during trading hours on Thursday, reaching $7.79. 8,496,700 shares of the company’s stock were exchanged, compared to its average volume of 8,538,903. The company has a market cap of $7,550.27, a price-to-earnings ratio of 10.62 and a beta of 0.73. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.37. VEREIT Inc. has a 1-year low of $7.44 and a 1-year high of $9.12.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.138 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.55 dividend on an annualized basis and a yield of 7.09%. VEREIT’s dividend payout ratio is currently -549.95%.

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VEREIT Profile

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.

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Institutional Ownership by Quarter for VEREIT (NYSE:VER)

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