State of Alaska Department of Revenue reduced its stake in shares of Vereit Inc (NYSE:VER) by 6.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 667,541 shares of the financial services provider’s stock after selling 49,240 shares during the quarter. State of Alaska Department of Revenue’s holdings in Vereit were worth $5,198,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. WINTON GROUP Ltd acquired a new stake in Vereit during the 2nd quarter worth $100,000. Ffcm LLC acquired a new position in Vereit in the third quarter valued at $111,000. Fox Run Management L.L.C. acquired a new position in Vereit in the fourth quarter valued at $114,000. Quantitative Systematic Strategies LLC acquired a new position in Vereit in the third quarter valued at $117,000. Finally, Institute for Wealth Management LLC. acquired a new position in Vereit in the second quarter valued at $127,000. Hedge funds and other institutional investors own 85.18% of the company’s stock.

VER has been the topic of a number of recent research reports. ValuEngine lowered shares of Vereit from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research lowered shares of Vereit from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Finally, Stifel Nicolaus restated a “hold” rating on shares of Vereit in a research note on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $9.42.

Vereit Inc (NYSE:VER) opened at $7.38 on Monday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.60. The company has a market cap of $7,190.00, a price-to-earnings ratio of -56.77 and a beta of 0.75. Vereit Inc has a one year low of $7.25 and a one year high of $9.12.

Vereit (NYSE:VER) last posted its quarterly earnings data on Wednesday, November 8th. The financial services provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.16). Vereit had a negative net margin of 3.76% and a negative return on equity of 0.61%. equities research analysts anticipate that Vereit Inc will post 0.71 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were paid a $0.138 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.55 dividend on an annualized basis and a yield of 7.48%. Vereit’s dividend payout ratio is presently -423.08%.

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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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