LSV Asset Management lessened its holdings in Vereit Inc (NYSE:VER) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,401,494 shares of the financial services provider’s stock after selling 216,237 shares during the period. LSV Asset Management owned about 2.52% of Vereit worth $174,470,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of VER. Essex Savings Bank purchased a new stake in Vereit in the 4th quarter valued at about $29,000. Quadrant Capital Group LLC increased its stake in 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 buying an additional 2,490 shares during the last quarter. Dorsey & Whitney Trust CO LLC purchased a new stake in Vereit in the 4th quarter valued at about $83,000. Private Capital Group LLC increased its stake in 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 buying an additional 4,188 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in Vereit in the 3rd quarter valued at about $114,000. Institutional investors own 90.46% of the company’s stock.

Shares of VER stock opened at $8.33 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.75. Vereit Inc has a 12-month low of $6.52 and a 12-month high of $8.35. The company has a market cap of $8.06 billion, a PE ratio of 11.90, a P/E/G ratio of 5.65 and a beta of 0.71.

Several research firms have commented on VER. ValuEngine upgraded shares of Vereit from a “sell” rating to a “hold” rating in a research note on Friday, October 19th. Zacks Investment Research upgraded shares of Vereit from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Robert W. Baird began coverage on shares of Vereit in a research note on Monday, October 22nd. They issued an “outperform” rating and a $9.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $8.70.

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Vereit 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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