30,322 Shares in VEREIT Inc. (NYSE:VER) Acquired by Paragon Capital Management Ltd

Paragon Capital Management Ltd bought a new position in shares of VEREIT Inc. (NYSE:VER) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 30,322 shares of the financial services provider’s stock, valued at approximately $251,000.

Several other hedge funds have also modified their holdings of VER. WINTON GROUP Ltd bought a new position in VEREIT in the second quarter valued at $100,000. Strid Group LLC bought a new position in shares of VEREIT during the second quarter valued at about $105,000. Sheaff Brock Investment Advisors LLC grew its stake in shares of VEREIT by 26.8% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 14,033 shares of the financial services provider’s stock valued at $114,000 after buying an additional 2,969 shares during the last quarter. IBM Retirement Fund grew its stake in shares of VEREIT by 31.3% during the second quarter. IBM Retirement Fund now owns 14,253 shares of the financial services provider’s stock valued at $116,000 after buying an additional 3,395 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of VEREIT during the third quarter valued at about $117,000. Institutional investors own 84.87% of the company’s stock.

A number of research firms have recently weighed in on VER. Zacks Investment Research upgraded shares of VEREIT from a “hold” rating to a “buy” rating and set a $9.50 price objective for the company in a report on Wednesday, July 19th. BidaskClub lowered shares of VEREIT from a “hold” rating to a “sell” rating in a report on Friday, July 28th. ValuEngine upgraded shares of VEREIT from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of VEREIT in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $9.81.

Shares of VEREIT Inc. (VER) traded up $0.02 during mid-day trading on Tuesday, hitting $8.23. 4,406,400 shares of the stock were exchanged, compared to its average volume of 8,479,059. VEREIT Inc. has a 12-month low of $7.44 and a 12-month high of $9.12. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market cap of $8,000.00, a P/E ratio of 11.25 and a beta of 0.76.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a dividend of $0.138 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 6.71%. The ex-dividend date is Thursday, December 28th. VEREIT’s payout ratio is -423.08%.

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About VEREIT

VEREIT, Inc is a full-service real estate operating company. The Company operates through two business segments: real estate investment (REI) segment and investment management segment, Cole Capital. As of December 31, 2016, through its REI segment, the Company owned and managed a portfolio of 4,142 retail, restaurant, office and industrial real estate properties with an aggregate of 93.3 million square feet, which are located in 49 states, Puerto Rico and Canada.

Institutional Ownership by Quarter for VEREIT (NYSE:VER)

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