Cetera Advisors LLC Sells 61,148 Shares of VEREIT Inc. (VER)
Cetera Advisors LLC lessened its position in VEREIT Inc. (NYSE:VER) by 6.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 865,796 shares of the financial services provider’s stock after selling 61,148 shares during the quarter. Cetera Advisors LLC owned approximately 0.09% of VEREIT worth $7,167,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in VER. WINTON GROUP Ltd acquired a new position in shares of VEREIT during the 2nd quarter worth approximately $100,000. Strid Group LLC acquired a new position in shares of VEREIT during the 2nd quarter worth approximately $105,000. Ffcm LLC bought a new position in shares of VEREIT during the 3rd quarter worth approximately $111,000. Sheaff Brock Investment Advisors LLC boosted its stake in shares of 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 worth $114,000 after acquiring an additional 2,969 shares during the period. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of VEREIT during the 3rd quarter worth approximately $117,000. 85.28% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently commented on VER. Stifel Nicolaus reiterated a “hold” rating on shares of VEREIT in a research note on Wednesday, November 1st. ValuEngine upgraded VEREIT from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. Finally, Zacks Investment Research upgraded VEREIT from a “sell” rating to a “hold” rating and set a $9.25 target price for the company in a research note on Saturday, November 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. VEREIT has a consensus rating of “Buy” and an average target price of $9.81.
Shares of VEREIT Inc. (VER) traded down $0.05 during midday trading on Wednesday, hitting $7.86. The stock had a trading volume of 5,079,000 shares, compared to its average volume of 8,510,236. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.37 and a quick ratio of 0.37. VEREIT Inc. has a one year low of $7.44 and a one year high of $9.12. The company has a market cap of $7,706.14, a P/E ratio of 10.84 and a beta of 0.73.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a $0.138 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.55 annualized dividend and a yield of 7.02%. VEREIT’s dividend payout ratio (DPR) is presently -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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