Vereit Inc (VER) : Koshinski Asset Management scooped up 3,100 additional shares in Vereit Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 168,243 shares of Vereit Inc which is valued at $1,781,693.Vereit Inc makes up approximately 0.91% of Koshinski Asset Management’s portfolio.
Other Hedge Funds, Including , M&r Capital Management Inc added VER to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $10,590.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.Hartford Investment Management Co reduced its stake in VER by selling 531 shares or 2.96% in the most recent quarter. The Hedge Fund company now holds 17,400 shares of VER which is valued at $187,050.
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).