Frontfour Capital Group Lowers stake in Vereit Inc (VER)

Vereit Inc (VER) : Frontfour Capital Group reduced its stake in Vereit Inc by 12.54% during the most recent quarter end. The investment management company now holds a total of 1,067,028 shares of Vereit Inc which is valued at $11,299,827 after selling 153,046 shares in Vereit Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Vereit Inc makes up approximately 4.67% of Frontfour Capital Group’s portfolio.

Other Hedge Funds, Including , Lmm reduced its stake in VER by selling 100,000 shares or 20.62% in the most recent quarter. The Hedge Fund company now holds 385,000 shares of VER which is valued at $4,077,150. Vereit Inc makes up approx 0.23% of Lmm’s portfolio.Apg Asset Management N.v. boosted its stake in VER in the latest quarter, The investment management firm added 152,700 additional shares and now holds a total of 321,498 shares of Vereit Inc which is valued at $3,404,664. Vereit Inc makes up approx 0.01% of Apg Asset Management N.v.’s portfolio.Ubs Asset Management Americas Inc reduced its stake in VER by selling 341,222 shares or 7.66% in the most recent quarter. The Hedge Fund company now holds 4,111,086 shares of VER which is valued at $43,166,403. Vereit Inc makes up approx 0.05% of Ubs Asset Management Americas Inc’s portfolio.Financial Architects Inc boosted its stake in VER in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 741 shares of Vereit Inc which is valued at $7,921. Robeco Institutional Asset Management B.v. added VER to its portfolio by purchasing 414,911 company shares during the most recent quarter which is valued at $4,460,293. Vereit Inc makes up approx 0.03% of Robeco Institutional Asset Management B.v.’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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