Axa Decreases Position in VEREIT Inc. (VER)

ILLEGAL ACTIVITY WARNING: "VEREIT (VER) Given Media Impact Rating of 0.42" was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. Analysts have a mean recommendation of 1.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

08/05/2016 - VEREIT Inc. was upgraded to " by analysts at Capital One. BlackRock Inc. increased its stake in shares of VEREIT by 3,227.7% in the first quarter. BlackRock Inc. now owns 76,790,678 shares of the financial services provider's stock valued at $651,955,000 after buying an additional 74,483,066 shares in the last quarter. Comerica Bank boosted its stake in shares of VEREIT by 70.5% in the fourth quarter. Finally, Vanguard Group Inc. boosted its position in VEREIT by 2.5% in the first quarter. Credit Agricole S A increased its stake in shares of VEREIT by 26.0% in the fourth quarter. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Vanguard Group Inc. now owns 155,944,544 shares of the financial services provider's stock worth $1,323,969,000 after buying an additional 3,799,549 shares in the last quarter. The share price is now down -4.74% for the past three months. (NYSE:VER) traded down 0.50% on Thursday, reaching $8.00.

During the trading day, the stock price fluctuated between $7.88 and $8.04. Active shareholders often maintain a close study on simple moving averages of VER stock, specially the 200-day simple moving average (SMA), as it is considered a key indicator by traders and market analysts for determining the overall long-term trend. While the company's share hit the 52 week high on 08/01/16 stationing the value of $11.09. The stock's market capitalization is 7.83B. Previously Avon Products (NYSE:AVP) reported $-0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $-0.08 with surprise factor of -800%. The financial services provider reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.01. The business had revenue of $348.03 million for the quarter, compared to analysts' expectations of $297.94 million.

Management effectiveness shows return on equity and return on assets for the trailing twelve months at -0.83% and 1.43% respectively. VEREIT's quarterly revenue was down 5.7% compared to the same quarter a year ago. In contrast to the year ago quarter EPS was at 0.02.

Now the shares of VEREIT, Inc.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be issued a $0.1375 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 6.88%. The ex-dividend date is Wednesday, June 28th. VEREIT's payout ratio is -366.67%. Has $255,000 Position in VEREIT Inc. (NYSE:VER) will post $306.32 million in sales for the current fiscal quarter, Zacks Investment Research reports. If you are reading this news story on another domain, it was illegally copied and republished in violation of USA & worldwide trademark and copyright law. The correct version of this piece can be read at https://www.themarketsdaily.com/2017/06/23/vereit-inc-ver-position-raised-by-geode-capital-management-llc-updated.html.

Several other research analysts also recently commented on the stock. ValuEngine downgraded VEREIT from a "buy" rating to a "hold" rating in a research note on Friday, June 2nd. Zacks Investment Research lowered VEREIT from a "hold" rating to a "sell" rating in a report on Wednesday, May 3rd. Evercore ISI raised VEREIT to an "outperform" rating and set a $9.00 price target for the company in a report on Monday, May 15th. Finally, BMO Capital Markets set a $10.00 price objective on VEREIT and gave the stock a "buy" rating in a research report on Wednesday, March 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company's stock. The stock exchanged hands 22.75 Million shares versus average trading capacity of 9.62 Million shares, yielding a market cap of $7.87 Billion.

In other VEREIT news, Director Julie Richardson bought 15,000 shares of VEREIT stock in a transaction dated Tuesday, May 16th. Also, CEO Glenn J. Rufrano bought 32,000 shares of the company's stock in a transaction that occurred on Monday, May 8th.

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