VEREIT (VER) completes 1-for-5 reverse stock split.

VEREIT (VER) announced today that it has completed a previously announced one-for-five reverse stock split of its common shares.

VEREIT is a large-cap equity REIT specializing on net lease properties.  The company's current portfolio comprises 3,820 retail, industrial, and office properties in 49 states with a total enterprise value of approximately $13.4 billion.