Crossmark Global Holdings Inc. Takes Position in VEREIT Inc. (VER)

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.

Shares of VEREIT Inc. (NYSE:VER) traded down $0.01 during trading hours on Tuesday, hitting $7.87. 5,702,800 shares of the stock were exchanged, compared to its average volume of 8,519,046. The firm has a market cap of $7,676.92, a price-to-earnings ratio of 10.80 and a beta of 0.73. VEREIT Inc. has a 12 month low of $7.44 and a 12 month high of $9.12. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60.

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%.

TRADEMARK VIOLATION WARNING: This piece of content was originally published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/12/05/crossmark-global-holdings-inc-takes-position-in-vereit-inc-ver.html.

About VEREIT

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.

Institutional Ownership by Quarter for VEREIT (NYSE:VER)

Receive News & Ratings for VEREIT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VEREIT Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply