Courage Capital Management Lowers stake in Vereit Inc (VER)

Vereit Inc (VER) : Courage Capital Management reduced its stake in Vereit Inc by 25.72% during the most recent quarter end. The investment management company now holds a total of 965,600 shares of Vereit Inc which is valued at $10,225,704 after selling 334,400 shares in Vereit Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Vereit Inc makes up approximately 10.25% of Courage Capital Management’s portfolio.

Other Hedge Funds, Including , Janus Capital Management boosted its stake in VER in the latest quarter, The investment management firm added 40,500 additional shares and now holds a total of 313,319 shares of Vereit Inc which is valued at $3,318,048.Mizuho Asset Managementltd. reduced its stake in VER by selling 77,858 shares or 88.14% in the most recent quarter. The Hedge Fund company now holds 10,480 shares of VER which is valued at $110,983. Vereit Inc makes up approx 0.02% of Mizuho Asset Managementltd.’s portfolio.Blackrock Japan Ltd reduced its stake in VER by selling 29,571 shares or 2.47% in the most recent quarter. The Hedge Fund company now holds 1,166,918 shares of VER which is valued at $12,357,662. Vereit Inc makes up approx 0.04% of Blackrock Japan Ltd’s portfolio.World Asset Management Inc boosted its stake in VER in the latest quarter, The investment management firm added 2,609 additional shares and now holds a total of 44,149 shares of Vereit Inc which is valued at $464,006. Vereit Inc makes up approx 0.02% of World Asset Management Inc’s portfolio.Shinko Asset Management Ltd. boosted its stake in VER in the latest quarter, The investment management firm added 6,800 additional shares and now holds a total of 73,168 shares of Vereit Inc which is valued at $786,556. Vereit Inc makes up approx 0.01% of Shinko Asset Management Ltd.’s portfolio.

On the company’s financial health, Vereit Inc reported $0.19 EPS for the quarter, based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus estimate of $0.19. The company had revenue of $371.00 million for the quarter, compared to analysts expectations of $313.07 million. The company’s revenue was down -5.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on Vereit Inc. Vereit Inc was Upgraded by CapitalOne to ” Overweight” on Aug 5, 2016.

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).

Leave a Reply

Vereit Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Vereit Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.