First Heartland Consultants Lowers stake in Vereit Inc (VER)

Vereit Inc (VER) : First Heartland Consultants reduced its stake in Vereit Inc by 15.77% during the most recent quarter end. The investment management company now holds a total of 125,333 shares of Vereit Inc which is valued at $1,327,276 after selling 23,468 shares in Vereit Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Vereit Inc makes up approximately 0.40% of First Heartland Consultants’s portfolio.

Other Hedge Funds, Including , Tcw Group Inc reduced its stake in VER by selling 810,921 shares or 59.96% in the most recent quarter. The Hedge Fund company now holds 541,589 shares of VER which is valued at $5,735,428. Vereit Inc makes up approx 0.04% of Tcw Group Inc’s portfolio.Canada Pension Plan Investment Board boosted its stake in VER in the latest quarter, The investment management firm added 350,150 additional shares and now holds a total of 2,562,350 shares of Vereit Inc which is valued at $27,135,287. Vereit Inc makes up approx 0.10% of Canada Pension Plan Investment Board’s portfolio.Rhumbline Advisers boosted its stake in VER in the latest quarter, The investment management firm added 86,041 additional shares and now holds a total of 782,687 shares of Vereit Inc which is valued at $8,288,655. Vereit Inc makes up approx 0.02% of Rhumbline Advisers’s portfolio.State Of Wisconsin Investment Board reduced its stake in VER by selling 55,400 shares or 5.9% in the most recent quarter. The Hedge Fund company now holds 883,141 shares of VER which is valued at $9,352,463. Vereit Inc makes up approx 0.04% of State Of Wisconsin Investment Board’s portfolio.Capital Fund Management S.a. reduced its stake in VER by selling 363,030 shares or 63.41% in the most recent quarter. The Hedge Fund company now holds 209,513 shares of VER which is valued at $2,239,694. Vereit Inc makes up approx 0.04% of Capital Fund Management S.a.’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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