Delphi Financial Group Lowers stake in Vereit Inc (VER)

Vereit Inc (VER) : Delphi Financial Group reduced its stake in Vereit Inc by 10.92% during the most recent quarter end. The investment management company now holds a total of 4,120,180 shares of Vereit Inc which is valued at $44,291,935 after selling 505,000 shares in Vereit Inc , the firm said in a disclosure report filed with the SEC on Jul 22, 2016.Vereit Inc makes up approximately 11.01% of Delphi Financial Group’s portfolio.

Other Hedge Funds, Including , Paragon Capital Management Ltd added VER to its portfolio by purchasing 11,304 company shares during the most recent quarter which is valued at $121,518. Vereit Inc makes up approx 0.06% of Paragon Capital Management Ltd’s portfolio.Checchi Capital Advisers reduced its stake in VER by selling 3,812 shares or 21.24% in the most recent quarter. The Hedge Fund company now holds 14,132 shares of VER which is valued at $151,919. Vereit Inc makes up approx 0.04% of Checchi Capital Advisers’s portfolio. Trust Co added VER to its portfolio by purchasing 8,790 company shares during the most recent quarter which is valued at $90,537. Vereit Inc makes up approx 0.03% of Trust Co’s portfolio.

On the company’s financial health, Vereit Inc reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.20. The company had revenue of $369.00 million for the quarter, compared to analysts expectations of $317.48 million. The company’s revenue was down -6.3 % compared to the same quarter last year.

VEREIT Inc. formerly American Realty Capital Properties Inc. is a real estate operating company. The Company owns and manages a diversified portfolio of retail restaurant office and industrial real estate assets including approximately 4645 properties totaling 101.8 million square feet. In addition the Company manages real estate investments on behalf of the Cole Capital non-traded real estate investment trust (REITs). The Company operates in two segments: Real Estate Investment (REI) and its investment management business Cole Capital (Cole Capital).

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