Teza Capital Management LLC acquired a new position in shares of VEREIT Inc. (NYSE:VER) during the fourth quarter, Holdings Channel reports. The firm acquired 16,322 shares of the company’s stock, valued at approximately $138,000.
Other large investors have also recently made changes to their positions in the company. Wells Fargo & Company MN raised its stake in shares of VEREIT by 16.4% in the third quarter. Wells Fargo & Company MN now owns 824,392 shares of the company’s stock worth $8,549,000 after buying an additional 116,145 shares during the last quarter. UBS Group AG raised its stake in shares of VEREIT by 62.0% in the third quarter. UBS Group AG now owns 10,430,816 shares of the company’s stock worth $108,168,000 after buying an additional 3,990,095 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of VEREIT by 13.0% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 110,477 shares of the company’s stock worth $1,145,000 after buying an additional 12,700 shares during the last quarter. Bank of Montreal Can raised its stake in shares of VEREIT by 40.2% in the third quarter. Bank of Montreal Can now owns 2,988,383 shares of the company’s stock worth $30,989,000 after buying an additional 856,544 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its stake in shares of VEREIT by 385.8% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 523,075 shares of the company’s stock worth $5,424,000 after buying an additional 415,400 shares during the last quarter. Institutional investors and hedge funds own 82.54% of the company’s stock.
Shares of VEREIT Inc. (NYSE:VER) traded down 0.171% during midday trading on Friday, reaching $8.735. 1,702,677 shares of the company traded hands. The firm’s market capitalization is $8.50 billion. VEREIT Inc. has a 12 month low of $7.59 and a 12 month high of $11.09. The company has a 50 day moving average of $8.61 and a 200 day moving average of $9.27.
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VER has been the topic of a number of analyst reports. BMO Capital Markets set a $10.00 price objective on shares of VEREIT and gave the company a “buy” rating in a report on Thursday, January 12th. Bank of America Corporation lowered shares of VEREIT from a “neutral” rating to an “underperform” rating in a research note on Monday, December 5th. Zacks Investment Research upgraded shares of VEREIT from a “sell” rating to a “hold” rating and set a $11.00 price target on the stock in a research note on Wednesday, October 26th. JMP Securities upgraded shares of VEREIT from a “market perform” rating to an “outperform” rating in a research note on Monday, January 9th. Finally, J P Morgan Chase & Co reiterated a “hold” rating and set a $11.00 price target on shares of VEREIT in a research note on Wednesday, November 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. VEREIT currently has a consensus rating of “Buy” and a consensus price target of $9.89.
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. In addition, the Company manages real estate investments on behalf of the Cole Capital.
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