Vereit Inc (VER) : Lorber David A scooped up 4,712 additional shares in Vereit Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 62,972 shares of Vereit Inc which is valued at $666,873.Vereit Inc makes up approximately 6.33% of Lorber David A’s portfolio.
Other Hedge Funds, Including , Cubist Systematic Strategies reduced its stake in VER by selling 13,369 shares or 38.77% in the most recent quarter. The Hedge Fund company now holds 21,118 shares of VER which is valued at $223,640. Vereit Inc makes up approx 0.01% of Cubist Systematic Strategies’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in VER by selling 1,600 shares or 14.02% in the most recent quarter. The Hedge Fund company now holds 9,815 shares of VER which is valued at $103,156.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.Delphi Financial Group reduced its stake in VER by selling 505,000 shares or 10.92% in the most recent quarter. The Hedge Fund company now holds 4,120,180 shares of VER which is valued at $44,291,935. Vereit Inc makes up approx 11.01% of Delphi Financial Group’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).