Bp Plc held its position in VEREIT Inc. (NYSE:VER) during the fourth quarter, Holdings Channel reports. The fund owned 115,000 shares of the company’s stock at the end of the fourth quarter. Bp Plc’s holdings in VEREIT were worth $972,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Bellwether Investment Group LLC purchased a new position in VEREIT during the second quarter valued at $710,000. Stifel Financial Corp bought a new position in VEREIT during the second quarter valued at $898,000. Amalgamated Bank increased its position in VEREIT by 4.6% in the second quarter. Amalgamated Bank now owns 27,573 shares of the company’s stock valued at $290,000 after buying an additional 1,210 shares during the last quarter. Legal & General Group Plc increased its position in VEREIT by 6.5% in the second quarter. Legal & General Group Plc now owns 5,466,294 shares of the company’s stock valued at $55,427,000 after buying an additional 333,490 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its position in VEREIT by 0.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 74,690 shares of the company’s stock valued at $757,000 after buying an additional 296 shares during the last quarter. 82.54% of the stock is owned by hedge funds and other institutional investors.
VEREIT Inc. (NYSE:VER) opened at 8.70 on Wednesday. The company has a 50-day moving average price of $8.58 and a 200-day moving average price of $9.28. The firm’s market cap is $8.47 billion. VEREIT Inc. has a one year low of $7.52 and a one year high of $11.09.
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VER has been the subject of several recent research reports. BMO Capital Markets set a $10.00 price target on VEREIT and gave the stock a “buy” rating in a research report on Thursday, January 12th. Zacks Investment Research raised VEREIT from a “sell” rating to a “hold” rating and set a $9.50 price target for the company in a research report on Tuesday, February 7th. J P Morgan Chase & Co reissued a “hold” rating and set a $11.00 price target on shares of VEREIT in a research report on Wednesday, November 30th. JMP Securities reissued a “hold” rating on shares of VEREIT in a research report on Saturday, November 19th. Finally, DA Davidson reissued a “hold” rating on shares of VEREIT in a research report on Thursday, November 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $9.89.
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. In addition, the Company manages real estate investments on behalf of the Cole Capital.
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