Amica Mutual Insurance Co. lowered its holdings in VEREIT Inc. (NYSE:VER) by 29.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 333,674 shares of the financial services provider’s stock after selling 141,870 shares during the period. Amica Mutual Insurance Co.’s holdings in VEREIT were worth $2,766,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. boosted its holdings in VEREIT by 1.4% in the 2nd quarter. BlackRock Inc. now owns 77,878,258 shares of the financial services provider’s stock valued at $633,927,000 after purchasing an additional 1,087,580 shares during the period. Cbre Clarion Securities LLC raised its position in shares of VEREIT by 5.4% in the 2nd quarter. Cbre Clarion Securities LLC now owns 38,947,554 shares of the financial services provider’s stock valued at $317,033,000 after buying an additional 2,004,074 shares in the last quarter. CI Investments Inc. raised its position in shares of VEREIT by 0.9% in the 2nd quarter. CI Investments Inc. now owns 24,529,315 shares of the financial services provider’s stock valued at $199,669,000 after buying an additional 220,300 shares in the last quarter. Glenview Capital Management LLC raised its position in shares of VEREIT by 5.9% in the 2nd quarter. Glenview Capital Management LLC now owns 17,946,243 shares of the financial services provider’s stock valued at $146,082,000 after buying an additional 1,000,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of VEREIT by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 13,566,316 shares of the financial services provider’s stock valued at $110,432,000 after buying an additional 698,170 shares in the last quarter. 86.42% of the stock is owned by hedge funds and other institutional investors.

Shares of VEREIT Inc. (NYSE VER) traded down $0.08 during trading hours on Friday, hitting $8.05. 9,613,000 shares of the stock traded hands, compared to its average volume of 8,466,113. The firm has a market cap of $7,842.54, a PE ratio of 11.03 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 one year low of $7.44 and a one year high of $9.12.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a $0.138 dividend. This represents a $0.55 annualized dividend and a dividend yield of 6.86%. The ex-dividend date of this dividend is Thursday, December 28th. VEREIT’s payout ratio is presently -549.95%.

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VER has been the subject of several analyst reports. ValuEngine upgraded shares of VEREIT from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Zacks Investment Research cut shares of VEREIT from a “buy” rating to a “hold” rating in a research report on Saturday, November 18th. Stifel Nicolaus restated a “hold” rating on shares of VEREIT in a research report on Wednesday, November 1st. Finally, BidaskClub cut shares of VEREIT from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $9.81.

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)

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