Matlinpatterson Global Advisers Exits Position in Vereit Inc (VER)

Vereit Inc (VER) : Matlinpatterson Global Advisers has sold out all of its stake in Vereit Inc during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 119,000 shares of Vereit Inc which is valued at $1,260,210.

Other Hedge Funds, Including , Twin Securities reduced its stake in VER by selling 1,980,890 shares or 25.11% in the most recent quarter. The Hedge Fund company now holds 5,908,125 shares of VER which is valued at $62,567,044. Vereit Inc makes up approx 9.25% of Twin Securities’s portfolio. Transamerica Financial Advisors sold out all of its stake in VER during the most recent quarter. The investment firm sold 232,362 shares of VER which is valued $2,460,714.New York State Common Retirement Fund boosted its stake in VER in the latest quarter, The investment management firm added 102,000 additional shares and now holds a total of 2,178,500 shares of Vereit Inc which is valued at $23,070,315. Vereit Inc makes up approx 0.03% of New York State Common Retirement Fund’s portfolio.Assetmark Inc reduced its stake in VER by selling 66,470 shares or 11.79% in the most recent quarter. The Hedge Fund company now holds 497,105 shares of VER which is valued at $5,219,603. Vereit Inc makes up approx 0.09% of Assetmark Inc’s portfolio.Wealthsource Partners reduced its stake in VER by selling 2,422 shares or 15.55% in the most recent quarter. The Hedge Fund company now holds 13,155 shares of VER which is valued at $138,128. Vereit Inc makes up approx 0.05% of Wealthsource Partners’s portfolio.

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).

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