Matlinpatterson Global Advisers Exits Position in Vereit Inc (VER)

Vereit Inc (VER) : Matlinpatterson Global Advisers has sold out all of its stake in Vereit Inc during the most recent quarter, according to the disclosure filed by the company on May 13, 2016 with the SEC. The investment management company has sold out 119,000 shares of Vereit Inc which is valued at $1.2 Million.

Other Hedge Funds, Including , Blackrock Fund Advisors reduced its stake in VER by selling 353,198 shares or 2.66% in the most recent quarter. The Hedge Fund company now holds 12,921,364 shares of VER which is valued at $126.8 Million. Vereit Inc makes up approx 0.03% of Blackrock Fund Advisors’s portfolio.Wfg Advisors Lp boosted its stake in VER in the latest quarter, The investment management firm added 7,186 additional shares and now holds a total of 169,749 shares of Vereit Inc which is valued at $1.7 Million. Vereit Inc makes up approx 0.48% of Wfg Advisors Lp’s portfolio.State Of Wisconsin Investment Board reduced its stake in VER by selling 26,680 shares or 2.76% in the most recent quarter. The Hedge Fund company now holds 938,541 shares of VER which is valued at $9 Million. Vereit Inc makes up approx 0.04% of State Of Wisconsin Investment Board’s portfolio.Great West Life Assurance Co Can boosted its stake in VER in the latest quarter, The investment management firm added 62,841 additional shares and now holds a total of 442,127 shares of Vereit Inc which is valued at $3.9 Million. Vereit Inc makes up approx 0.01% of Great West Life Assurance Co Can’s portfolio.

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).

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