Oregon Public Employees Retirement Fund increased its position in shares of Vereit Inc (NYSE:VER) by 646.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,663,064 shares of the financial services provider’s stock after buying an additional 5,770,345 shares during the quarter. Vereit makes up 0.7% of Oregon Public Employees Retirement Fund’s investment portfolio, making the stock its 20th largest holding. Oregon Public Employees Retirement Fund’s holdings in Vereit were worth $932,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of VER. Essex Savings Bank acquired a new stake in Vereit in the 4th quarter valued at about $29,000. Quadrant Capital Group LLC boosted its position in Vereit by 26.1% during the fourth quarter. Quadrant Capital Group LLC now owns 12,026 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 2,490 shares during the period. Dorsey & Whitney Trust CO LLC bought a new position in Vereit during the fourth quarter worth $83,000. Private Capital Group LLC boosted its position in Vereit by 46.8% during the fourth quarter. Private Capital Group LLC now owns 13,132 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 4,188 shares during the period. Finally, Verition Fund Management LLC bought a new position in Vereit during the third quarter worth $114,000. 90.46% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently issued reports on the stock. ValuEngine raised shares of Vereit from a “sell” rating to a “hold” rating in a research report on Friday, October 19th. Zacks Investment Research raised shares of Vereit from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Robert W. Baird assumed coverage on shares of Vereit in a research report on Monday, October 22nd. They issued an “outperform” rating and a $9.00 target price for the company. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $8.70.
VEREIT is a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S. The Company has a total asset book value of $14.1 billion including approximately 4,000 properties and 93.9 million square feet. VEREIT's business model provides equity capital to creditworthy corporations in return for long-term leases on their properties.
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