Public Employees Retirement System of Ohio Reduces Holdings in Vereit Inc (VER)
Public Employees Retirement System of Ohio trimmed its holdings in shares of Vereit Inc (NYSE:VER) by 1.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 435,275 shares of the financial services provider’s stock after selling 8,391 shares during the period. Public Employees Retirement System of Ohio’s holdings in Vereit were worth $3,608,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. WINTON GROUP Ltd acquired a new stake in shares of Vereit in the 2nd quarter worth about $100,000. Strid Group LLC acquired a new stake in shares of Vereit in the 2nd quarter worth about $105,000. Ffcm LLC acquired a new stake in shares of Vereit in the 3rd quarter worth about $111,000. Sheaff Brock Investment Advisors LLC increased its holdings in shares of Vereit by 26.8% in 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 acquired a new stake in shares of Vereit in the 3rd quarter worth about $117,000. 85.18% of the stock is currently owned by institutional investors.
VER has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Vereit from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. ValuEngine raised shares of Vereit from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Vereit in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $9.42.
Shares of Vereit Inc (VER) opened at $7.74 on Friday. 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 twelve month low of $7.44 and a twelve month high of $9.12. The firm has a market cap of $7,640.00, a PE ratio of -59.54 and a beta of 0.75.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a $0.138 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.55 dividend on an annualized basis and a yield of 7.13%. Vereit’s dividend payout ratio is presently -423.08%.
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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