Axa Decreases Position in VEREIT Inc. (VER)

The institutional investor owned 30,000 shares of the financial services provider's stock at the end of the first quarter. Macquarie Group Ltd. increased its position in shares of VEREIT by 40.5% in the fourth quarter. Cadence Capital Management LLC boosted its stake in shares of VEREIT by 73.3% in the fourth quarter. Vanguard Group Inc. now owns 155,944,544 shares of the financial services provider's stock worth $1,323,969,000 after buying an additional 3,799,549 shares in the last quarter.

Evercore ISI began new coverage on VEREIT Inc. giving the company a "in-line" rating. The average true range of the stock is observed at 0.18 and the relative strength index of the stock is recorded at 44.93. Norges Bank purchased a new position in VEREIT during the fourth quarter valued at $78,130,000. Teachers Advisors LLC now owns 1,282,304 shares of the financial services provider's stock worth $10,848,000 after buying an additional 23,743 shares during the period. Allianz Asset Management AG raised its position in VEREIT by 45.5% in the fourth quarter. Macquarie Group Ltd. now owns 433,874 shares of the financial services provider's stock valued at $3,670,000 after buying an additional 125,018 shares during the period.

VEREIT, Inc. (NYSE:VER), stock is trading $11.09 above the 52-week high and has displayed a high EPS growth of 22.70% in last 5 years. (NYSE:VER) opened at 8.06 on Friday. 8,600,286 shares of the stock were exchanged. The market capitalization of the company is at $8.07 Billion. The firm has a 50 day moving average of $8.05 and a 200-day moving average of $8.45.

VEREIT (NYSE:VER) last issued its earnings results on Thursday, May 4th. The analysts estimated EPS for the higher end at 0.02 and lower end at 0.02 while the year ago reported earnings per share was 0.02. The business had revenue of $348.03 million for the quarter, compared to the consensus estimate of $297.94 million.

Management effectiveness shows return on equity and return on assets for the trailing twelve months at -0.83% and 1.43% respectively. For the current year the company's revenue estimates are $5.83 Billion compared to low analyst estimates of $5.78 Billion and high estimates of $5.88 Billion according to the prediction of 8 analysts. However the company reported $-0.01 earnings per share for the same quarter during a year ago. Equities analysts expect that VEREIT Inc. will post ($1.70) EPS for the current fiscal year.


The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 6.82%. The ex-dividend date of this dividend is Wednesday, June 28th. VEREIT's dividend payout ratio is now -366.67%.

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Analysts at Capital One Financial Corporation upped their Q3 2017 earnings per share estimates for VEREIT in a report released on Wednesday. Zacks Investment Research downgraded shares of VEREIT from a "buy" rating to a "sell" rating in a research report on Saturday, February 25th.

06/16/2016 - VEREIT Inc. had its " rating reiterated by analysts at BMO Capital Markets. Analysts have a mean recommendation of 1.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). It looks like analysts are feeling bullish about the stock with overall sell-side analysts calling it a not a Buy. The stock presently has an average rating of "Hold" and a consensus price target of $9.80.

In other news, insider Hugh R. Frater acquired 10,000 shares of the stock in a transaction that occurred on Friday, May 5th. (VER) now has a value of $8.04 while the company's 52 week low is at $7.44, the shares dropped to the 52 week low on 05/16/17. Following the acquisition, the insider now directly owns 289,401 shares of the company's stock, valued at approximately $2,173,401.51. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider William Craig Jr. Dimensional Fund Advisors LP now owns 12,285,595 shares of the financial services provider's stock worth $103,934,000 after buying an additional 872,467 shares during the period. The stock was acquired at an average cost of $7.81 per share, for a total transaction of $249,920.00.

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