JPMorgan Chase & Co. lowered its stake in shares of Vereit Inc (NYSE:VER) by 21.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,907,344 shares of the financial services provider’s stock after selling 4,425,811 shares during the period. JPMorgan Chase & Co.’s holdings in Vereit were worth $133,145,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of VER. Nisa Investment Advisors LLC increased its position in Vereit by 8.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 195,800 shares of the financial services provider’s stock valued at $1,400,000 after buying an additional 15,600 shares in the last quarter. Strs Ohio increased its position in Vereit by 6.6% during the 4th quarter. Strs Ohio now owns 1,523,323 shares of the financial services provider’s stock valued at $10,891,000 after buying an additional 94,201 shares in the last quarter. IFM Investors Pty Ltd increased its position in Vereit by 4.0% during the 4th quarter. IFM Investors Pty Ltd now owns 68,858 shares of the financial services provider’s stock valued at $492,000 after buying an additional 2,677 shares in the last quarter. Manning & Napier Group LLC increased its position in Vereit by 57.7% during the 4th quarter. Manning & Napier Group LLC now owns 679,920 shares of the financial services provider’s stock valued at $4,861,000 after buying an additional 248,765 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in Vereit by 23.6% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 1,049,000 shares of the financial services provider’s stock valued at $7,501,000 after buying an additional 200,000 shares in the last quarter. Institutional investors own 92.71% of the company’s stock.

A number of research firms recently weighed in on VER. ValuEngine raised Vereit from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research raised Vereit from a “sell” rating to a “hold” rating in a research report on Saturday, February 9th. Finally, Robert W. Baird lowered Vereit from an “outperform” rating to a “neutral” rating and set a $9.00 price objective for the company. in a research report on Monday, February 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Vereit currently has a consensus rating of “Hold” and an average price target of $8.63.

VER stock opened at $8.68 on Friday. The company has a market cap of $8.32 billion, a P/E ratio of 12.06, a P/E/G ratio of 1.05 and a beta of 0.66. Vereit Inc has a twelve month low of $6.88 and a twelve month high of $8.71. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.73 and a quick ratio of 0.73.

Vereit (NYSE:VER) last posted its earnings results on Wednesday, May 8th. The financial services provider reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. The business had revenue of $316.84 million during the quarter, compared to analyst estimates of $307.92 million. Vereit had a negative return on equity of 0.65% and a negative net margin of 3.83%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 EPS. Equities research analysts forecast that Vereit Inc will post 0.69 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.138 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 6.36%. The ex-dividend date is Thursday, June 27th. Vereit’s payout ratio is 76.39%.

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Vereit Profile

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 total real estate investments of $15.6 billion including approximately 4,000 properties and 94.7 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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Institutional Ownership by Quarter for Vereit (NYSE:VER)

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