Vereit Inc (VER) Position Raised by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its position in shares of Vereit Inc (NYSE:VER) by 105.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 84,656 shares of the financial services provider’s stock after acquiring an additional 43,409 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Vereit were worth $615,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VER. DnB Asset Management AS raised its stake in Vereit by 7.1% during the second quarter. DnB Asset Management AS now owns 165,649 shares of the financial services provider’s stock worth $1,232,000 after acquiring an additional 11,000 shares in the last quarter. IFM Investors Pty Ltd raised its stake in Vereit by 26.3% during the second quarter. IFM Investors Pty Ltd now owns 59,779 shares of the financial services provider’s stock worth $445,000 after acquiring an additional 12,460 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Vereit by 4.2% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 370,363 shares of the financial services provider’s stock worth $2,756,000 after acquiring an additional 15,004 shares in the last quarter. Amalgamated Bank raised its stake in Vereit by 73.4% during the second quarter. Amalgamated Bank now owns 184,097 shares of the financial services provider’s stock worth $1,370,000 after acquiring an additional 77,913 shares in the last quarter. Finally, Foundry Partners LLC raised its stake in Vereit by 2.6% during the second quarter. Foundry Partners LLC now owns 880,550 shares of the financial services provider’s stock worth $6,551,000 after acquiring an additional 22,650 shares in the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

Vereit stock opened at $7.47 on Wednesday. Vereit Inc has a 1 year low of $6.52 and a 1 year high of $8.26. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market capitalization of $7.17 billion, a PE ratio of 10.67, a PEG ratio of 2.86 and a beta of 0.51.

Vereit (NYSE:VER) last released its quarterly earnings data on Tuesday, November 6th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. Vereit had a negative return on equity of 0.40% and a negative net margin of 4.44%. The company had revenue of $289.03 million during the quarter, compared to the consensus estimate of $291.19 million. During the same quarter in the prior year, the firm posted $0.18 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. On average, sell-side analysts predict that Vereit Inc will post 0.69 EPS for the current fiscal year.

VER has been the subject of several research analyst reports. Mizuho set a $8.00 target price on Vereit and gave the stock a “hold” rating in a research note on Monday, August 13th. ValuEngine raised Vereit from a “sell” rating to a “hold” rating in a research note on Saturday, August 18th. JPMorgan Chase & Co. boosted their target price on Vereit from $8.00 to $9.00 and gave the stock an “overweight” rating in a research note on Monday, September 17th. Finally, Robert W. Baird began coverage on Vereit in a research note on Monday, October 22nd. They set an “outperform” rating and a $9.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $8.85.

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About Vereit

VEREIT is a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S. The Company has a total asset book value of $14.3 billion including approximately 4,000 properties and 94.6 million square feet. VEREIT's business model provides equity capital to creditworthy corporations in return for long-term leases on their properties.

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Institutional Ownership by Quarter for Vereit (NYSE:VER)

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