Vereit Inc (VER) : Investment Centers Of America Inc reduced its stake in Vereit Inc by 25.61% during the most recent quarter end. The investment management company now holds a total of 481,735 shares of Vereit Inc which is valued at $5,067,852 after selling 165,887 shares in Vereit Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Vereit Inc makes up approximately 0.34% of Investment Centers Of America Inc’s portfolio.
Other Hedge Funds, Including , Sumitomo Mitsui Asset Management Company Ltd boosted its stake in VER in the latest quarter, The investment management firm added 5,351 additional shares and now holds a total of 97,777 shares of Vereit Inc which is valued at $1,081,414. Vereit Inc makes up approx 0.03% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.Cutler Capital Management reduced its stake in VER by selling 10,000 shares or 10.1% in the most recent quarter. The Hedge Fund company now holds 89,000 shares of VER which is valued at $951,410. Vereit Inc makes up approx 0.70% of Cutler Capital Management’s portfolio. Donald L. Hagan sold out all of its stake in VER during the most recent quarter. The investment firm sold 1,800 shares of VER which is valued $19,350.
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).