First Foundation Advisors buys $69.6 Million stake in Vereit Inc (VER)

Vereit Inc (VER) : First Foundation Advisors scooped up 1,070,435 additional shares in Vereit Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 7,093,363 shares of Vereit Inc which is valued at $69.6 Million.Vereit Inc makes up approximately 4.99% of First Foundation Advisors’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in VER in the latest quarter, The investment management firm added 28,649 additional shares and now holds a total of 613,905 shares of Vereit Inc which is valued at $6 Million. Vereit Inc makes up approx 0.08% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Amalgamated Bank boosted its stake in VER in the latest quarter, The investment management firm added 8,618 additional shares and now holds a total of 26,363 shares of Vereit Inc which is valued at $258,621. Vereit Inc makes up approx 0.03% of Amalgamated Bank’s portfolio.Spot Trading L.l.c reduced its stake in VER by selling 116,234 shares or 72.83% in the most recent quarter. The Hedge Fund company now holds 43,359 shares of VER which is valued at $425,352. Vereit Inc makes up approx 0.06% of Spot Trading L.l.c’s portfolio. Quantbot Technologies Lp added VER to its portfolio by purchasing 9,539 company shares during the most recent quarter which is valued at $84,706. Vereit Inc makes up approx 0.01% of Quantbot Technologies Lp’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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