Cadence Capital Management LLC Has $378,000 Holdings in Vereit Inc (VER)
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.
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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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