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Why VEREIT Stock Dropped More Than 10% in September

Why VEREIT Stock Dropped More Than 10% in September

VEREIT (NYSE: VER) stock, which was up 43% year to date as of Sept. 1. There was no specific news related to VEREIT during the month, but many REITs took a hit as the Federal Reserve considered raising interest rates. VEREIT is a REIT, or real estate investment trust.