How Vereit Inc (VER) Stacks Up Against Similarly Valued Stocks

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Since Vereit Inc (NYSE:VER) has experienced declining sentiment from the smart money, we can see that there exists a select few funds who sold off their full holdings between July and September. Intriguingly, Keith Meister’s Corvex Capital sold off the largest stake of the “upper crust” of funds monitored by Insider Monkey, valued at about $106.8 million in stock, and Jim Simons’ Renaissance Technologies was right behind this move, as the fund sold off about $41.2 million worth of shares.

Let’s now review hedge fund activity in other stocks similar to Vereit Inc (NYSE:VER). These stocks are Buckeye Partners, L.P. (NYSE:BPL), Mosaic Co (NYSE:MOS), J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT), and Sealed Air Corp (NYSE:SEE). This group of stocks’ market caps resemble VER’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
BPL 13 67387 -1
MOS 24 343140 5
JBHT 31 353428 3
SEE 31 1518782 -15

As you can see these stocks had an average of 25 hedge funds with bullish positions at the end of September and the average amount invested in these stocks was $571 million. That figure was $664 million in VER’s case. J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) is the most popular stock in this table. On the other hand Buckeye Partners, L.P. (NYSE:BPL) is the least popular one with only 13 funds having reported long positions. Vereit Inc (NYSE:VER) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) might be a better candidate to consider a long position.

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