Vereit Inc (VER) : Corvex Management Lp reduced its stake in Vereit Inc by 44.99% during the most recent quarter end. The investment management company now holds a total of 43,963,989 shares of Vereit Inc which is valued at $465,578,644 after selling 35,955,164 shares in Vereit Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Vereit Inc makes up approximately 6.91% of Corvex Management Lp’s portfolio.
Other Hedge Funds, Including , Soros Fund Management sold out all of its stake in VER during the most recent quarter. The investment firm sold 3,886,300 shares of VER which is valued $41,155,917.Andra Ap-fonden boosted its stake in VER in the latest quarter, The investment management firm added 18,100 additional shares and now holds a total of 243,600 shares of Vereit Inc which is valued at $2,579,724. Vereit Inc makes up approx 0.06% of Andra Ap-fonden’s portfolio.Fmr boosted its stake in VER in the latest quarter, The investment management firm added 14,029,056 additional shares and now holds a total of 82,998,582 shares of Vereit Inc which is valued at $878,954,983. Vereit Inc makes up approx 0.11% of Fmr’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.
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).