First Foundation Advisors Lowers stake in Vereit Inc (VER)

Vereit Inc (VER) : First Foundation Advisors reduced its stake in Vereit Inc by 1.58% during the most recent quarter end. The investment management company now holds a total of 7,016,364 shares of Vereit Inc which is valued at $59,358,439 after selling 112,712 shares in Vereit Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Vereit Inc makes up approximately 4.21% of First Foundation Advisors’s portfolio.

Other Hedge Funds, Including , Nuveen Asset Management boosted its stake in VER in the latest quarter, The investment management firm added 3,225,197 additional shares and now holds a total of 5,054,434 shares of Vereit Inc which is valued at $42,760,512. Vereit Inc makes up approx 0.26% of Nuveen Asset Management’s portfolio. Private Advisor Group added VER to its portfolio by purchasing 10,941 company shares during the most recent quarter which is valued at $88,075.Tiaa Cref Investment Management reduced its stake in VER by selling 198,544 shares or 9.19% in the most recent quarter. The Hedge Fund company now holds 1,961,913 shares of VER which is valued at $17,931,885. Vereit Inc makes up approx 0.01% of Tiaa Cref Investment Management’s portfolio.Mizuho Trust Banking Ltd. boosted its stake in VER in the latest quarter, The investment management firm added 212,874 additional shares and now holds a total of 1,724,887 shares of Vereit Inc which is valued at $15,265,250. Vereit Inc makes up approx 0.05% of Mizuho Trust Banking Ltd.’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in VER in the latest quarter, The investment management firm added 29,718 additional shares and now holds a total of 298,584 shares of Vereit Inc which is valued at $2,806,690. Vereit Inc makes up approx 0.07% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.

On the company’s financial health, Vereit Inc reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $0.18. The company had revenue of $362.90 million for the quarter, compared to analysts expectations of $311.67 million. The company’s revenue was down -5.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.21 EPS.

Many Wall Street Analysts have commented on Vereit Inc. Mizuho Initiated Vereit Inc on Oct 14, 2016 to “Neutral”, Price Target of the shares are set at $9.50.

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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