Vereit Inc (VER) Short Interest Down 17.4% in January

Vereit Inc (NYSE:VER) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 22,144,410 shares, a decrease of 17.4% from the January 12th total of 26,794,822 shares. Based on an average daily volume of 9,759,875 shares, the days-to-cover ratio is currently 2.3 days. Currently, 2.3% of the shares of the stock are sold short.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Vereit from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. ValuEngine cut shares of Vereit from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Vereit in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Vereit has an average rating of “Hold” and an average target price of $9.42.

Shares of Vereit (VER) opened at $6.93 on Thursday. Vereit has a 1 year low of $6.62 and a 1 year high of $9.12. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.60. The company has a market cap of $6,673.46, a PE ratio of -69.29 and a beta of 0.64.

Institutional investors have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd purchased a new stake in shares of Vereit in the 2nd quarter worth about $100,000. Ffcm LLC purchased a new stake in shares of Vereit in the 3rd quarter worth about $111,000. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Vereit in the 4th quarter worth about $109,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Vereit in the 3rd quarter worth about $117,000. Finally, Financial Gravity Companies Inc. purchased a new stake in shares of Vereit in the 4th quarter worth about $105,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Vereit Inc (VER) Short Interest Down 17.4% in January” was first reported by Week Herald and is owned by of Week Herald. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and international copyright law. The correct version of this report can be viewed at https://weekherald.com/2018/02/15/vereit-inc-ver-short-interest-down-17-4-in-january.html.

Vereit Company Profile

VEREIT, Inc is a full-service real estate operating company. The Company owns and manages a diversified portfolio of retail, restaurant, office and industrial real estate assets. It operates through two segments: real estate investment (REI) segment and its investment management segment, Cole Capital.

Receive News & Ratings for Vereit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vereit and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply