Daiwa Securities Group Inc. increased its position in shares of VEREIT Inc. (NYSE:VER) by 15.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 200,524 shares of the financial services provider’s stock after purchasing an additional 27,200 shares during the period. Daiwa Securities Group Inc.’s holdings in VEREIT were worth $1,662,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. World Asset Management Inc boosted its stake in shares of 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. IFP Advisors Inc boosted its stake in shares of VEREIT by 0.4% during the 2nd quarter. IFP Advisors Inc now owns 167,829 shares of the financial services provider’s stock worth $1,366,000 after purchasing an additional 657 shares during the period. NEXT Financial Group Inc boosted its stake in shares of VEREIT by 5.7% during the 2nd quarter. NEXT Financial Group Inc now owns 18,550 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 1,000 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 purchasing an additional 1,094 shares during the period. Finally, BB&T Securities LLC boosted its position in VEREIT by 3.1% in the 2nd quarter. BB&T Securities LLC now owns 39,658 shares of the financial services provider’s stock valued at $322,000 after buying an additional 1,190 shares during the period. 85.03% of the stock is owned by hedge funds and other institutional investors.

VER has been the subject of several research reports. Zacks Investment Research raised shares of VEREIT from a “hold” rating to a “buy” rating and set a $9.50 price objective for the company in a research report on Wednesday, July 19th. BidaskClub raised shares of VEREIT from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. ValuEngine raised shares of VEREIT from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of VEREIT in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $9.88.

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Shares of VEREIT Inc. (VER) opened at $8.21 on Friday. The stock has a market cap of $7,998.41, a PE ratio of 11.25 and a beta of 0.74. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.61. VEREIT Inc. has a 52-week low of $7.44 and a 52-week high of $9.12.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders 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 annualized dividend and a yield of 6.72%. VEREIT’s dividend payout ratio (DPR) is -549.95%.

VEREIT Company Profile

VEREIT, Inc is a full-service real estate operating company. The Company operates through two business segments: real estate investment (REI) segment and investment management segment, Cole Capital. As of December 31, 2016, through its REI segment, the Company owned and managed a portfolio of 4,142 retail, restaurant, office and industrial real estate properties with an aggregate of 93.3 million square feet, which are located in 49 states, Puerto Rico and Canada.

Institutional Ownership by Quarter for VEREIT (NYSE:VER)

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