Owl Creek Asset Management buys $66,516,849 stake in Vereit Inc (VER)

Vereit Inc (VER) : Owl Creek Asset Management scooped up 560,000 additional shares in Vereit Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 6,281,100 shares of Vereit Inc which is valued at $66,516,849.Vereit Inc makes up approximately 4.06% of Owl Creek Asset Management’s portfolio.

Other Hedge Funds, Including , Two Sigma Securities added VER to its portfolio by purchasing 22,633 company shares during the most recent quarter which is valued at $239,683. Vereit Inc makes up approx 0.12% of Two Sigma Securities’s portfolio. Forsta Ap-fonden added VER to its portfolio by purchasing 417,900 company shares during the most recent quarter which is valued at $4,387,950. Vereit Inc makes up approx 0.12% of Forsta Ap-fonden’s portfolio.California Public Employees Retirement System boosted its stake in VER in the latest quarter, The investment management firm added 62,000 additional shares and now holds a total of 2,294,931 shares of Vereit Inc which is valued at $24,119,725. Vereit Inc makes up approx 0.04% of California Public Employees Retirement System’s portfolio. Tahithromos L.l.c. sold out all of its stake in VER during the most recent quarter. The investment firm sold 1,159,702 shares of VER which is valued $12,826,304.Winslow Evans Crocker reduced its stake in VER by selling 626 shares or 2.25% in the most recent quarter. The Hedge Fund company now holds 27,236 shares of VER which is valued at $292,787. Vereit Inc makes up approx 0.08% of Winslow Evans Crocker’s portfolio.

On the company’s financial health, Vereit Inc reported $0.19 EPS for the quarter, based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus estimate of $0.19. The company had revenue of $371.00 million for the quarter, compared to analysts expectations of $313.07 million. The company’s revenue was down -5.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on Vereit Inc. Vereit Inc was Upgraded by CapitalOne to ” Overweight” on Aug 5, 2016.

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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