Crossmark Global Holdings Inc. bought a new stake in shares of VEREIT Inc. (NYSE:VER) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 20,502 shares of the financial services provider’s stock, valued at approximately $170,000.
Other institutional investors have also recently bought and sold shares of the company. WINTON GROUP Ltd acquired a new position in VEREIT during the 2nd quarter valued at about $100,000. Strid Group LLC acquired a new position in VEREIT during the 2nd quarter valued at about $105,000. Sheaff Brock Investment Advisors LLC boosted its stake in VEREIT by 26.8% during 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 during the period. Quantitative Systematic Strategies LLC acquired a new position in VEREIT during the 3rd quarter valued at about $117,000. Finally, Stratos Wealth Partners LTD. lifted its stake in shares of VEREIT by 18.1% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 14,550 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 2,234 shares during the period. 85.28% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently weighed in on VER. Zacks Investment Research lowered shares of VEREIT from a “buy” rating to a “hold” rating in a research note on Saturday, November 18th. Stifel Nicolaus reaffirmed a “hold” rating on shares of VEREIT in a research note on Wednesday, November 1st. Finally, ValuEngine raised shares of VEREIT from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. VEREIT presently has a consensus rating of “Hold” and an average price target of $9.81.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a $0.138 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 7.01%. The ex-dividend date of this dividend is Thursday, December 28th. VEREIT’s dividend payout ratio is currently -549.95%.
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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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