Vereit Inc (VER) : Pggm Investments reduced its stake in Vereit Inc by 4.85% during the most recent quarter end. The investment management company now holds a total of 8,392,597 shares of Vereit Inc which is valued at $89,716,862 after selling 427,658 shares in Vereit Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Vereit Inc makes up approximately 0.45% of Pggm Investments’s portfolio.
Other Hedge Funds, Including , 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. Meeder Asset Management Inc added VER to its portfolio by purchasing 7,447 company shares during the most recent quarter which is valued at $80,055. Vereit Inc makes up approx 0.01% of Meeder Asset Management Inc’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).