Vereit Inc (VER) : Transamerica Financial Advisors reduced its stake in Vereit Inc by 27.27% during the most recent quarter end. The investment management company now holds a total of 232,362 shares of Vereit Inc which is valued at $2,056,404 after selling 87,127 shares in Vereit Inc , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Vereit Inc makes up approximately 0.17% of Transamerica Financial Advisors’s portfolio.
Other Hedge Funds, Including , Strs Ohio sold out all of its stake in VER during the most recent quarter. The investment firm sold 1,588,135 shares of VER which is valued $14,054,995. Community Bank N.a. added VER to its portfolio by purchasing 311 company shares during the most recent quarter which is valued at $2,752. Koshinski Asset Management added VER to its portfolio by purchasing 165,143 company shares during the most recent quarter which is valued at $1,499,498. Vereit Inc makes up approx 0.97% of Koshinski Asset Management’s portfolio.
On the company’s financial health, Vereit Inc reported $0.20 EPS for the quarter, based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus estimate of $0.20. The company had revenue of $383.40 million for the quarter, compared to analysts expectations of $333.91 million. The company’s revenue was down -8.5 % 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).