VEREIT Inc. (NYSE:VER) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

According to Zacks, “VEREIT, Inc. is a real estate operating company. The Company owns and manages a diversified portfolio of retail, restaurant, office and industrial real estate assets. VEREIT, Inc., formerly known as American Realty Capital Properties Inc., is based in Phoenix, United States. “

VER has been the subject of several other reports. Stifel Nicolaus reiterated a “hold” rating on shares of VEREIT in a research note on Wednesday, November 1st. BidaskClub lowered shares of VEREIT from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, ValuEngine upgraded shares of VEREIT from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $9.88.

Shares of VEREIT (NYSE:VER) opened at $8.21 on Friday. VEREIT has a 12-month low of $7.44 and a 12-month high of $9.12. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market cap of $7,959.44, a PE ratio of 11.19 and a beta of 0.74.

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Institutional investors have recently modified their holdings of the stock. WINTON GROUP Ltd bought a new stake in VEREIT during the 2nd quarter valued at about $100,000. Strid Group LLC bought a new stake in VEREIT during the 2nd quarter valued at about $105,000. Ffcm LLC bought a new stake in VEREIT during the 3rd quarter valued at about $111,000. Sheaff Brock Investment Advisors LLC increased its stake in VEREIT by 26.8% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 14,033 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 2,969 shares in the last quarter. Finally, IBM Retirement Fund increased its stake in VEREIT by 31.3% during the 2nd quarter. IBM Retirement Fund now owns 14,253 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 3,395 shares in the last quarter. Institutional investors own 85.03% of the company’s stock.

About VEREIT

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.

Analyst Recommendations for VEREIT (NYSE:VER)

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