Stevens Capital Management LP bought a new stake in VEREIT Inc. (NYSE:VER) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,025 shares of the financial services provider’s stock, valued at approximately $149,000.
Several other hedge funds have also recently made changes to their positions in VER. Cbre Clarion Securities LLC boosted its stake in shares of VEREIT by 5.4% in the second quarter. Cbre Clarion Securities LLC now owns 38,947,554 shares of the financial services provider’s stock valued at $317,033,000 after purchasing an additional 2,004,074 shares during the period. Fosun International Ltd purchased a new position in shares of VEREIT in the second quarter valued at $15,622,000. Prudential Financial Inc. boosted its stake in shares of VEREIT by 22.8% in the second quarter. Prudential Financial Inc. now owns 9,987,986 shares of the financial services provider’s stock valued at $81,303,000 after purchasing an additional 1,855,265 shares during the period. LSV Asset Management boosted its stake in shares of VEREIT by 13.1% in the second quarter. LSV Asset Management now owns 11,000,500 shares of the financial services provider’s stock valued at $89,544,000 after purchasing an additional 1,277,400 shares during the period. Finally, Green Street Investors LLC purchased a new position in shares of VEREIT in the second quarter valued at $9,980,000. Institutional investors and hedge funds own 86.42% of the company’s stock.
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Shares of VEREIT Inc. (NYSE VER) opened at $8.05 on Thursday. The stock has a market cap of $7,920.47, a price-to-earnings ratio of 11.14 and a beta of 0.74. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.60. VEREIT Inc. has a twelve month low of $7.44 and a twelve month high of $9.12.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a $0.138 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.55 annualized dividend and a yield of 6.86%. VEREIT’s dividend payout ratio is presently -549.95%.
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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