Beach Point Capital Management Lp Exits Position in Vereit Inc (VER)

Vereit Inc (VER) : Beach Point Capital Management Lp 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 11, 2016 with the SEC. The investment management company has sold out 1,290,783 shares of Vereit Inc which is valued at $12.7 Million.

Other Hedge Funds, Including , Jefferies Group sold out all of its stake in VER during the most recent quarter. The investment firm sold 27,774 shares of VER which is valued $272,463.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. Smith Asset Management Group Lp added VER to its portfolio by purchasing 576 company shares during the most recent quarter which is valued at $5,530. Capital Fund Management S.a. added VER to its portfolio by purchasing 572,543 company shares during the most recent quarter which is valued at $5.5 Million. Vereit Inc makes up approx 0.10% of Capital Fund Management S.a.’s portfolio.State Of New Jersey Common Pension Fund D reduced its stake in VER by selling 47,250 shares or 11.89% in the most recent quarter. The Hedge Fund company now holds 350,000 shares of VER which is valued at $3.1 Million. Vereit Inc makes up approx 0.01% of State Of New Jersey Common Pension Fund D’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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