Claar Advisors LLC boosted its position in shares of VEREIT Inc. (NYSE:VER) by 0.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,352,933 shares of the financial services provider’s stock after purchasing an additional 19,600 shares during the period. VEREIT accounts for approximately 7.3% of Claar Advisors LLC’s portfolio, making the stock its 2nd biggest position. Claar Advisors LLC owned about 0.34% of VEREIT worth $27,796,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in shares of VEREIT by 1.4% in the second quarter. BlackRock Inc. now owns 77,878,258 shares of the financial services provider’s stock worth $633,927,000 after buying an additional 1,087,580 shares during the last quarter. 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 buying an additional 2,004,074 shares during the last quarter. CI Investments Inc. lifted its position in shares of VEREIT by 0.9% in the second quarter. CI Investments Inc. now owns 24,529,315 shares of the financial services provider’s stock worth $199,669,000 after buying an additional 220,300 shares during the last quarter. Glenview Capital Management LLC lifted its position in shares of VEREIT by 5.9% in the second quarter. Glenview Capital Management LLC now owns 17,946,243 shares of the financial services provider’s stock worth $146,082,000 after buying an additional 1,000,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of VEREIT by 2.8% in the third quarter. Dimensional Fund Advisors LP now owns 13,942,160 shares of the financial services provider’s stock worth $115,581,000 after buying an additional 375,844 shares during the last quarter. 85.28% of the stock is owned by hedge funds and other institutional investors.

VEREIT Inc. (VER) traded up $0.05 during midday trading on Friday, hitting $7.84. The company had a trading volume of 6,941,600 shares, compared to its average volume of 8,532,136. VEREIT Inc. has a fifty-two week low of $7.44 and a fifty-two week high of $9.12. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.60. The firm has a market cap of $7,589.24, a PE ratio of 10.67 and a beta of 0.73.

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. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.55 annualized dividend and a dividend yield of 7.04%. VEREIT’s dividend payout ratio is presently -549.95%.

VER has been the subject of a number of analyst reports. Zacks Investment Research cut VEREIT from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. ValuEngine raised VEREIT from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of VEREIT in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $9.81.

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VEREIT 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.

Institutional Ownership by Quarter for VEREIT (NYSE:VER)

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