Corporación Inmobiliaria Vesta (NYSE:VTMX) Reaches New 12-Month Low – What’s Next?

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) reached a new 52-week low on Tuesday . The company traded as low as $25.26 and last traded at $25.34, with a volume of 55314 shares changing hands. The stock had previously closed at $25.87.

Analysts Set New Price Targets

VTMX has been the topic of several recent research reports. Barclays reduced their price target on Corporación Inmobiliaria Vesta from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. The Goldman Sachs Group lowered their price target on shares of Corporación Inmobiliaria Vesta from $42.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, October 7th.

Corporación Inmobiliaria Vesta Stock Performance

The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.32. The company has a market cap of $22.21 billion, a PE ratio of 5.12 and a beta of 1.40. The business has a fifty day moving average of $27.42 and a 200-day moving average of $31.10.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.73. The company had revenue of $63.02 million during the quarter. Corporación Inmobiliaria Vesta had a net margin of 179.79% and a return on equity of 17.11%. Equities research analysts anticipate that Corporación Inmobiliaria Vesta, S.A.B. de C.V. will post 3.1 earnings per share for the current fiscal year.

Corporación Inmobiliaria Vesta Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, October 11th were issued a $0.1843 dividend. This is an increase from Corporación Inmobiliaria Vesta’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, October 11th. This represents a $0.74 dividend on an annualized basis and a yield of 2.87%. Corporación Inmobiliaria Vesta’s dividend payout ratio is 2.99%.

Institutional Trading of Corporación Inmobiliaria Vesta

Hedge funds have recently modified their holdings of the business. Rhumbline Advisers grew its stake in shares of Corporación Inmobiliaria Vesta by 54.3% in the 2nd quarter. Rhumbline Advisers now owns 3,610 shares of the company’s stock worth $108,000 after buying an additional 1,270 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Corporación Inmobiliaria Vesta by 358.1% during the second quarter. Marshall Wace LLP now owns 144,167 shares of the company’s stock valued at $4,324,000 after acquiring an additional 112,699 shares in the last quarter. Centersquare Investment Management LLC raised its position in shares of Corporación Inmobiliaria Vesta by 19.0% in the 1st quarter. Centersquare Investment Management LLC now owns 281,677 shares of the company’s stock worth $11,053,000 after purchasing an additional 44,907 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in Corporación Inmobiliaria Vesta by 3,292.8% in the 1st quarter. Lazard Asset Management LLC now owns 336,600 shares of the company’s stock worth $13,208,000 after purchasing an additional 326,679 shares in the last quarter. Institutional investors own 6.94% of the company’s stock.

About Corporación Inmobiliaria Vesta

Corporación Inmobiliaria Vesta, SAB. de C.V., together with its subsidiaries, acquires, develops, manages, operates, and leases industrial buildings and distribution facilities in Mexico. The company was incorporated in 1998 and is headquartered in Mexico City, Mexico.