Prudential Financial Inc. lowered its holdings in VEREIT Inc. (NYSE:VER) by 45.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,429,668 shares of the financial services provider’s stock after selling 4,558,318 shares during the quarter. Prudential Financial Inc. owned approximately 0.56% of VEREIT worth $45,012,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. WINTON GROUP Ltd bought a new stake in shares of VEREIT in the 2nd quarter valued at about $100,000. Strid Group LLC bought a new stake in shares of VEREIT in the 2nd quarter valued at about $105,000. Sheaff Brock Investment Advisors LLC raised its holdings in shares of VEREIT by 26.8% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 14,033 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 2,969 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new stake in shares of VEREIT in the 3rd quarter valued at about $117,000. Finally, IBM Retirement Fund raised its holdings in shares of VEREIT by 31.3% in the 2nd quarter. IBM Retirement Fund now owns 14,253 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 3,395 shares in the last quarter. Institutional investors and hedge funds own 85.03% of the company’s stock.
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VEREIT Inc. (NYSE:VER) opened at $8.21 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.61 and a current ratio of 0.61. The company has a market cap of $7,998.41, a P/E ratio of 11.25 and a beta of 0.74. VEREIT Inc. has a 52 week low of $7.44 and a 52 week high of $9.12.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors 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 annualized dividend and a dividend yield of 6.72%. VEREIT’s dividend payout ratio (DPR) is presently -549.95%.
VER has been the subject of several recent research reports. BidaskClub upgraded shares of VEREIT from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. Zacks Investment Research upgraded shares of VEREIT from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a report on Wednesday, July 19th. ValuEngine upgraded shares of VEREIT from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Finally, Stifel Nicolaus restated a “hold” rating on shares of VEREIT in a report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. VEREIT currently has a consensus rating of “Hold” and a consensus price target of $9.88.
VEREIT, Inc is a full-service real estate operating company. The Company operates through two business segments: real estate investment (REI) segment and investment management segment, Cole Capital. As of December 31, 2016, through its REI segment, the Company owned and managed a portfolio of 4,142 retail, restaurant, office and industrial real estate properties with an aggregate of 93.3 million square feet, which are located in 49 states, Puerto Rico and Canada.
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