Is Vereit Inc (VER) A Good Stock To Buy?

Due to the fact that Vereit Inc (NYSE:VER) has experienced falling interest from the entirety of the hedge funds we track, it’s easy to see that there exists a select few funds that slashed their full holdings by the end of the third quarter. At the top of the heap, Jamie Zimmerman’s Litespeed Management dumped the biggest investment of the “upper crust” of funds monitored by Insider Monkey, totaling close to $29.7 million in stock, and Eric Edidin and Josh Lobel’s Archer Capital Management was right behind this move, as the fund dropped about $22.6 million worth. These moves are important to note, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).

Let’s also examine hedge fund activity in other stocks similar to Vereit Inc (NYSE:VER). These stocks are Skechers USA Inc (NYSE:SKX), Gartner Inc (NYSE:IT), Williams-Sonoma, Inc. (NYSE:WSM), and Plum Creek Timber Co. Inc. (NYSE:PCL). This group of stocks’ market values are closest to VER’s market value.

As you can see these stocks had an average of 23 hedge funds with bullish positions and the average amount invested in these stocks was $472 million. That figure was $1.48 billion in VER’s case. Skechers USA Inc (NYSE:SKX) is the most popular stock in this table with 36 long positions. On the other hand Gartner Inc (NYSE:IT) is the least popular one with only 16 funds reporting stakes. Compared to these stocks Vereit Inc (NYSE:VER) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.