Vereit Inc (VER) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Vereit Inc (NYSE:VER) by 30.5% in the fourth quarter, Holdings Channel reports. The fund owned 1,519,511 shares of the financial services provider’s stock after buying an additional 354,844 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Vereit were worth $11,837,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Glenview Capital Management LLC raised its stake in shares of Vereit by 5.9% in the second quarter. Glenview Capital Management LLC now owns 17,946,243 shares of the financial services provider’s stock valued at $146,082,000 after acquiring an additional 1,000,000 shares during the last quarter. California Public Employees Retirement System raised its position in Vereit by 8.5% in the 3rd quarter. California Public Employees Retirement System now owns 2,429,330 shares of the financial services provider’s stock worth $20,139,000 after purchasing an additional 190,499 shares during the last quarter. New York State Common Retirement Fund raised its position in Vereit by 2.5% in the 3rd quarter. New York State Common Retirement Fund now owns 2,159,000 shares of the financial services provider’s stock worth $17,898,000 after purchasing an additional 53,000 shares during the last quarter. JPMorgan Chase & Co. raised its position in Vereit by 47.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,625,937 shares of the financial services provider’s stock worth $30,168,000 after purchasing an additional 1,169,067 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Vereit by 18.0% in the 3rd quarter. American Century Companies Inc. now owns 107,570 shares of the financial services provider’s stock worth $892,000 after purchasing an additional 16,437 shares during the last quarter. Institutional investors own 85.17% of the company’s stock.

Vereit Inc (NYSE VER) opened at $7.09 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.60. Vereit Inc has a 1 year low of $6.94 and a 1 year high of $9.12. The firm has a market cap of $6,910.00, a P/E ratio of -54.54 and a beta of 0.65.

Vereit (NYSE:VER) last posted its quarterly earnings data on Wednesday, November 8th. The financial services provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.16). Vereit had a negative return on equity of 0.61% and a negative net margin of 3.76%. analysts expect that Vereit Inc will post 0.71 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were given a $0.138 dividend. This represents a $0.55 annualized dividend and a yield of 7.79%. The ex-dividend date was Thursday, December 28th. Vereit’s dividend payout ratio (DPR) is presently -423.08%.

Several research analysts recently weighed in on VER shares. ValuEngine upgraded shares of Vereit from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Stifel Nicolaus restated a “hold” rating on shares of Vereit in a research report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded shares of Vereit from a “sell” rating to a “hold” rating and set a $9.25 price objective for the company in a research report on Saturday, November 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $9.42.

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Vereit Company Profile

VEREIT, Inc is a full-service real estate operating company. The Company owns and manages a diversified portfolio of retail, restaurant, office and industrial real estate assets. It operates through two segments: real estate investment (REI) segment and its investment management segment, Cole Capital.

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Institutional Ownership by Quarter for Vereit (NYSE:VER)

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