Ladenburg Thalmann Financial Services Inc. lessened its holdings in VEREIT Inc. (NYSE:VER) by 15.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 404,240 shares of the financial services provider’s stock after selling 72,141 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in VEREIT were worth $3,357,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cubist Systematic Strategies LLC raised its holdings in VEREIT by 169.7% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 108,143 shares of the financial services provider’s stock valued at $897,000 after buying an additional 68,041 shares during the last quarter. Kalos Management Inc. raised its holdings in VEREIT by 22.0% in the 3rd quarter. Kalos Management Inc. now owns 433,340 shares of the financial services provider’s stock valued at $3,592,000 after buying an additional 78,262 shares during the last quarter. Janus Henderson Group PLC raised its holdings in VEREIT by 47.8% in the 3rd quarter. Janus Henderson Group PLC now owns 252,303 shares of the financial services provider’s stock valued at $2,093,000 after buying an additional 81,587 shares during the last quarter. Claar Advisors LLC raised its holdings in VEREIT by 0.6% in the 3rd quarter. Claar Advisors LLC now owns 3,352,933 shares of the financial services provider’s stock valued at $27,796,000 after buying an additional 19,600 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its holdings in VEREIT by 54.2% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 1,410,330 shares of the financial services provider’s stock valued at $11,691,000 after buying an additional 495,836 shares during the last quarter. Institutional investors and hedge funds own 85.28% of the company’s stock.

VER has been the subject of a number of research reports. ValuEngine upgraded shares of VEREIT from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Zacks Investment Research lowered shares of VEREIT from a “buy” rating to a “hold” rating in a report on Saturday, November 18th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of VEREIT in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $9.81.

VEREIT Inc. (NYSE:VER) traded up $0.02 during trading hours on Thursday, reaching $7.88. 11,239,300 shares of the company’s stock were exchanged, compared to its average volume of 8,521,607. The firm has a market cap of $7,680.00, a P/E ratio of 10.77 and a beta of 0.75. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.37 and a quick ratio of 0.37. VEREIT Inc. has a twelve month low of $7.44 and a twelve month high of $9.12.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a dividend of $0.138 per share. This represents a $0.55 dividend on an annualized basis and a yield of 7.01%. The ex-dividend date of this dividend is Thursday, December 28th. VEREIT’s dividend payout ratio is presently -423.08%.

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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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