Vereit Inc (NYSE:VER).
Lasalle Investment Management Securities LLC reports that it sold 1,900,474 shares last quarter decreasing its stake in Vereit Inc (VER) by 12.4%. Its investment was valued at $111,231,000 a decrease of 10.8% as of quarter end.
Lasalle Investment Management Securities LLC isn’t the only one who has changed their investment in VER. Raymond James & Associates trimmed its stake by shedding 40,439 shares a decrease of 37.5% in the quarter. Raymond James & Associates owns 67,436 shares with a value of $559,000. The value of the position overall is down by 36.3%. Tredje Ap-fonden divested its holdings by selling 1,730 shares a decrease of 2.0% as of 09/30/2017. Tredje Ap-fonden now holds 82,663 shares worth $697,000. The total value of its holdings decreased 0.3%.
As of the end of the quarter Baird Financial Group, Inc. had bought a total of 13,575 shares growing its position 5.1%. The value of the investment in Vereit Inc went from $2,157,000 to $2,309,000 a change of 7.0% quarter to quarter.
November 1 investment analysts at Stifel Nicolaus reiterated a “Hold” rating on the stock.
The company is down by 0.98% percent from yesterday’s close. Vereit Inc’s P/E ratio is N/A and the market cap of the company is 7.84B. In the last earnings report the EPS was $-0.13 with 974.23M shares presently outstanding.
Investors are feeling more bearish of late considering the increase in short interest. The company saw a rise in short interest from September 29, 2017 to October 13, 2017 of 15.61%. Short interest increased 3,340,707 over that timeframe. With short interest at 24,739,712 and short average daily volume at 9,541,798, days to cover is 3.0 and the short interest percentage is 0.03% as of October 13.