D.A. Davidson & CO. Has $125,000 Stake in Vereit Inc (VER)

D.A. Davidson & CO. trimmed its stake in Vereit Inc (NYSE:VER) by 12.4% in the 4th quarter, Holdings Channel reports. The firm owned 17,468 shares of the financial services provider’s stock after selling 2,480 shares during the period. D.A. Davidson & CO.’s holdings in Vereit were worth $125,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Dorsey & Whitney Trust CO LLC bought a new stake in shares of Vereit in the 4th quarter valued at approximately $83,000. Quadrant Capital Group LLC lifted its stake in shares of Vereit by 26.1% in the 4th quarter. Quadrant Capital Group LLC now owns 12,026 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 2,490 shares during the last quarter. Private Capital Group LLC lifted its stake in shares of Vereit by 46.8% in the 4th quarter. Private Capital Group LLC now owns 13,132 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 4,188 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Vereit in the 3rd quarter valued at approximately $114,000. Finally, Capital Investment Advisory Services LLC bought a new stake in shares of Vereit in the 3rd quarter valued at approximately $127,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Shares of VER stock opened at $8.21 on Thursday. Vereit Inc has a 52-week low of $6.52 and a 52-week high of $8.38. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market cap of $8.01 billion, a P/E ratio of 11.73, a price-to-earnings-growth ratio of 5.65 and a beta of 0.71.

A number of brokerages recently issued reports on VER. ValuEngine raised Vereit from a “sell” rating to a “hold” rating in a research note on Friday, October 19th. Robert W. Baird began coverage on Vereit in a research note on Monday, October 22nd. They set an “outperform” rating and a $9.00 price target for the company. Finally, Zacks Investment Research raised Vereit from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a research note on Saturday, November 10th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Vereit currently has an average rating of “Buy” and a consensus price target of $8.70.

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Vereit Company Profile

VEREIT is a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S. The Company has a total asset book value of $14.1 billion including approximately 4,000 properties and 93.9 million square feet. VEREIT's business model provides equity capital to creditworthy corporations in return for long-term leases on their properties.

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Institutional Ownership by Quarter for Vereit (NYSE:VER)

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