Pentwater Capital Management LP Has $912,000 Holdings in VEREIT Inc. (VER)
Pentwater Capital Management LP reduced its stake in shares of VEREIT Inc. (NYSE:VER) by 45.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 110,000 shares of the financial services provider’s stock after selling 90,000 shares during the period. Pentwater Capital Management LP’s holdings in VEREIT were worth $912,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. World Asset Management Inc grew its position in VEREIT by 0.4% during the 2nd quarter. World Asset Management Inc now owns 49,401 shares of the financial services provider’s stock worth $402,000 after purchasing an additional 196 shares during the period. Stanley Laman Group Ltd. boosted its stake in shares of VEREIT by 0.4% during the 2nd quarter. Stanley Laman Group Ltd. now owns 294,335 shares of the financial services provider’s stock worth $2,396,000 after acquiring an additional 1,094 shares in the last quarter. BB&T Securities LLC boosted its stake in shares of VEREIT by 3.1% during the 2nd quarter. BB&T Securities LLC now owns 39,658 shares of the financial services provider’s stock worth $322,000 after acquiring an additional 1,190 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of VEREIT by 8.5% during the 2nd quarter. Pacer Advisors Inc. now owns 17,227 shares of the financial services provider’s stock worth $140,000 after acquiring an additional 1,346 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of VEREIT by 3.6% during the 2nd quarter. CIBC Asset Management Inc now owns 48,788 shares of the financial services provider’s stock worth $397,000 after acquiring an additional 1,683 shares in the last quarter. 85.28% of the stock is currently owned by institutional investors.
VEREIT Inc. (NYSE VER) traded up $0.09 during mid-day trading on Monday, hitting $7.93. 7,816,800 shares of the stock traded hands, compared to its average volume of 8,529,117. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.37. VEREIT Inc. has a twelve month low of $7.44 and a twelve month high of $9.12. The stock has a market cap of $7,730.00, a price-to-earnings ratio of 10.86 and a beta of 0.75.
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 paid a dividend of $0.138 per share. This represents a $0.55 annualized dividend and a dividend yield of 6.96%. The ex-dividend date is Thursday, December 28th. VEREIT’s payout ratio is currently -423.08%.
Several equities research analysts have recently issued reports on VER shares. Zacks Investment Research lowered shares of VEREIT from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Stifel Nicolaus reissued 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $9.81.
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VEREIT Company Profile
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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