VEREIT Inc. (VER) Holdings Lifted by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP grew its position in VEREIT Inc. (NYSE:VER) by 2.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,942,160 shares of the financial services provider’s stock after buying an additional 375,844 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.43% of VEREIT worth $115,581,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in VER. Thompson Siegel & Walmsley LLC acquired a new position in shares of VEREIT in the third quarter worth about $41,057,000. Russell Investments Group Ltd. boosted its holdings in shares of VEREIT by 253.2% in the third quarter. Russell Investments Group Ltd. now owns 4,373,318 shares of the financial services provider’s stock worth $36,257,000 after buying an additional 3,135,055 shares during the period. Cbre Clarion Securities LLC lifted its position in shares of VEREIT by 5.4% in the second quarter. Cbre Clarion Securities LLC now owns 38,947,554 shares of the financial services provider’s stock worth $317,033,000 after purchasing an additional 2,004,074 shares in the last quarter. Fosun International Ltd purchased a new stake in shares of VEREIT in the second quarter worth approximately $15,622,000. Finally, Prudential Financial Inc. lifted its position in shares of VEREIT by 22.8% in the second quarter. Prudential Financial Inc. now owns 9,987,986 shares of the financial services provider’s stock worth $81,303,000 after purchasing an additional 1,855,265 shares in the last quarter. Institutional investors own 85.28% of the company’s stock.
VER has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of VEREIT from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Stifel Nicolaus reissued a “hold” rating on shares of VEREIT in a research report on Wednesday, November 1st. Finally, ValuEngine raised shares of VEREIT from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $9.42.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a dividend of $0.138 per share. This represents a $0.55 annualized dividend and a yield of 6.85%. The ex-dividend date is Thursday, December 28th. VEREIT’s payout ratio is presently -549.95%.
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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