Schroder Investment Management Group Boosts Stake in VEREIT Inc. (VER)

Schroder Investment Management Group grew its holdings in VEREIT Inc. (NYSE:VER) by 76.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 425,946 shares of the financial services provider’s stock after acquiring an additional 184,338 shares during the quarter. Schroder Investment Management Group’s holdings in VEREIT were worth $3,544,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of VER. BlackRock Inc. raised its stake in shares of VEREIT by 1.4% in the second quarter. BlackRock Inc. now owns 77,878,258 shares of the financial services provider’s stock valued at $633,927,000 after purchasing an additional 1,087,580 shares in the last quarter. Cbre Clarion Securities LLC raised its stake in shares of VEREIT by 5.4% in the second quarter. Cbre Clarion Securities LLC now owns 38,947,554 shares of the financial services provider’s stock valued at $317,033,000 after purchasing an additional 2,004,074 shares in the last quarter. CI Investments Inc. raised its stake in shares of VEREIT by 0.9% in the second quarter. CI Investments Inc. now owns 24,529,315 shares of the financial services provider’s stock valued at $199,669,000 after purchasing an additional 220,300 shares in the last quarter. 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 purchasing an additional 1,000,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of VEREIT by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 13,566,316 shares of the financial services provider’s stock valued at $110,432,000 after purchasing an additional 698,170 shares in the last quarter. 85.28% of the stock is owned by institutional investors.

VEREIT Inc. (VER) traded down $0.05 during trading on Wednesday, reaching $7.86. The company’s stock had a trading volume of 5,079,000 shares, compared to its average volume of 8,510,236. 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 $7.44 and a 1 year high of $9.12. The firm has a market capitalization of $7,706.14, a price-to-earnings ratio of 10.84 and a beta of 0.73.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.138 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.55 annualized dividend and a yield of 7.02%. VEREIT’s dividend payout ratio is currently -549.95%.

A number of research analysts recently commented on the company. Stifel Nicolaus restated a “hold” rating on shares of VEREIT in a research note on Wednesday, November 1st. Zacks Investment Research lowered VEREIT from a “buy” rating to a “hold” rating in a research note on Saturday, November 18th. Finally, ValuEngine upgraded VEREIT from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $9.81.

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VEREIT 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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