Proxima Capital Management Lowers stake in Vereit Inc (VER)

Vereit Inc (VER) : Proxima Capital Management reduced its stake in Vereit Inc by 9.99% during the most recent quarter end. The investment management company now holds a total of 988,287 shares of Vereit Inc which is valued at $10,465,959 after selling 109,733 shares in Vereit Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Vereit Inc makes up approximately 4.22% of Proxima Capital Management’s portfolio.

Other Hedge Funds, Including , Quinn Opportunity Partners sold out all of its stake in VER during the most recent quarter. The investment firm sold 527,147 shares of VER which is valued $5,582,487.Citadel Advisors reduced its stake in VER by selling 348,708 shares or 39.43% in the most recent quarter. The Hedge Fund company now holds 535,608 shares of VER which is valued at $5,672,089. Vereit Inc makes up approx 0.01% of Citadel Advisors’s portfolio.Highpoint Advisor Group boosted its stake in VER in the latest quarter, The investment management firm added 7,600 additional shares and now holds a total of 32,892 shares of Vereit Inc which is valued at $348,326. Vereit Inc makes up approx 0.12% of Highpoint Advisor Group’s portfolio.Ibm Retirement Fund boosted its stake in VER in the latest quarter, The investment management firm added 1,249 additional shares and now holds a total of 118,314 shares of Vereit Inc which is valued at $1,271,876. Vereit Inc makes up approx 0.05% of Ibm Retirement Fund’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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