VEREIT Inc. (VER) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lessened its position in shares of VEREIT Inc. (NYSE:VER) by 4.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,036,954 shares of the financial services provider’s stock after selling 46,843 shares during the quarter. Cambridge Investment Research Advisors Inc. owned 0.11% of VEREIT worth $8,596,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. WINTON GROUP Ltd purchased a new stake in VEREIT during the 2nd quarter valued at about $100,000. Strid Group LLC purchased a new stake in VEREIT during the 2nd quarter valued at about $105,000. Sheaff Brock Investment Advisors LLC grew its stake in VEREIT by 26.8% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 14,033 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 2,969 shares during the last quarter. IBM Retirement Fund grew its stake in VEREIT by 31.3% during the 2nd quarter. IBM Retirement Fund now owns 14,253 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 3,395 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new stake in VEREIT during the 3rd quarter valued at about $117,000. Institutional investors and hedge funds own 84.87% of the company’s stock.

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A number of analysts have recently commented on the company. Zacks Investment Research downgraded VEREIT from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. ValuEngine upgraded VEREIT from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. BidaskClub downgraded VEREIT from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Stifel Nicolaus restated a “hold” rating on shares of VEREIT in a research note on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. VEREIT currently has a consensus rating of “Hold” and an average price target of $9.81.

Shares of VEREIT Inc. (VER) traded down $0.10 on Wednesday, hitting $8.13. The stock had a trading volume of 6,432,200 shares, compared to its average volume of 8,469,755. VEREIT Inc. has a 1 year low of $7.44 and a 1 year high of $9.12. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $8,017.90, a P/E ratio of 11.27 and a beta of 0.74.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a $0.138 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 6.79%. VEREIT’s payout ratio is -549.95%.

VEREIT Company Profile

VEREIT, Inc is a full-service real estate operating company. The Company operates through two business segments: real estate investment (REI) segment and investment management segment, Cole Capital. As of December 31, 2016, through its REI segment, the Company owned and managed a portfolio of 4,142 retail, restaurant, office and industrial real estate properties with an aggregate of 93.3 million square feet, which are located in 49 states, Puerto Rico and Canada.

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Institutional Ownership by Quarter for VEREIT (NYSE:VER)

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