Vereit Inc (VER) : Glendon Capital Management Lp scooped up 734,878 additional shares in Vereit Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 6,824,090 shares of Vereit Inc which is valued at $66,944,323.Vereit Inc makes up approximately 33.71% of Glendon Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Cibc Asset Management Inc boosted its stake in VER in the latest quarter, The investment management firm added 1,243 additional shares and now holds a total of 49,394 shares of Vereit Inc which is valued at $484,555.Goodwin Daniel L reduced its stake in VER by selling 130,813 shares or 4.05% in the most recent quarter. The Hedge Fund company now holds 3,098,085 shares of VER which is valued at $27,510,995. Vereit Inc makes up approx 9.26% of Goodwin Daniel L’s portfolio.Candriam Luxembourg S.c.a. boosted its stake in VER in the latest quarter, The investment management firm added 6,458 additional shares and now holds a total of 28,801 shares of Vereit Inc which is valued at $255,753. Vereit Inc makes up approx 0.01% of Candriam Luxembourg S.c.a.’s portfolio.Trust Co Of Vermont boosted its stake in VER in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 4,000 shares of Vereit Inc which is valued at $35,520.
On the company’s financial health, Vereit Inc reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.20. The company had revenue of $369.00 million for the quarter, compared to analysts expectations of $317.48 million. The company’s revenue was down -6.3 % compared to the same quarter last year.
VEREIT Inc. formerly American Realty Capital Properties Inc. is a real estate operating company. The Company owns and manages a diversified portfolio of retail restaurant office and industrial real estate assets including approximately 4645 properties totaling 101.8 million square feet. In addition the Company manages real estate investments on behalf of the Cole Capital non-traded real estate investment trust (REITs). The Company operates in two segments: Real Estate Investment (REI) and its investment management business Cole Capital (Cole Capital).