Cadence Capital Management LLC trimmed its holdings in shares of Vereit Inc (NYSE:VER) by 29.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 48,554 shares of the financial services provider’s stock after selling 20,274 shares during the period. Cadence Capital Management LLC’s holdings in Vereit were worth $378,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of VER. WINTON GROUP Ltd acquired a new position in Vereit during the second quarter worth $100,000. Ffcm LLC bought a new stake in Vereit during the third quarter valued at about $111,000. Fox Run Management L.L.C. bought a new stake in Vereit during the fourth quarter valued at about $114,000. Quantitative Systematic Strategies LLC bought a new stake in Vereit during the third quarter valued at about $117,000. Finally, Advisors Asset Management Inc. boosted its holdings in Vereit by 408.6% during the third quarter. Advisors Asset Management Inc. now owns 17,100 shares of the financial services provider’s stock valued at $142,000 after acquiring an additional 13,738 shares during the period. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Vereit Inc (NYSE VER) opened at $6.93 on Thursday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60. Vereit Inc has a fifty-two week low of $6.62 and a fifty-two week high of $9.12. The stock has a market cap of $6,673.46, a PE ratio of -69.29 and a beta of 0.64.

VER has been the subject of a number of recent analyst reports. ValuEngine cut shares of Vereit from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research cut shares of Vereit from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. Finally, Stifel Nicolaus restated a “hold” rating on shares of Vereit in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $9.42.

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Vereit Company 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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