Corporación Inmobiliaria Vesta (NYSE:VTMX) Sees Strong Trading Volume – Time to Buy?

Shares of Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) saw strong trading volume on Wednesday . 45,659 shares were traded during trading, a decline of 70% from the previous session’s volume of 151,927 shares.The stock last traded at $23.97 and had previously closed at $23.98.

Analyst Ratings Changes

VTMX has been the topic of several recent research reports. Barclays decreased their price target on Corporación Inmobiliaria Vesta from $38.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday. The Goldman Sachs Group lowered their target price 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 debt-to-equity ratio of 0.31, a current ratio of 4.59 and a quick ratio of 4.59. The stock has a market capitalization of $20.25 billion, a PE ratio of 5.30 and a beta of 1.37. The firm has a fifty day moving average price of $26.03 and a two-hundred day moving average price of $29.02.

Corporación Inmobiliaria Vesta Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, October 11th were given a dividend of $0.1843 per share. This represents a $0.74 annualized dividend and a dividend yield of 3.15%. This is an increase from Corporación Inmobiliaria Vesta’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, October 11th. Corporación Inmobiliaria Vesta’s dividend payout ratio (DPR) is 3.39%.

Hedge Funds Weigh In On Corporación Inmobiliaria Vesta

An institutional investor recently raised its position in Corporación Inmobiliaria Vesta stock. Marshall Wace LLP lifted its holdings in Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) by 358.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 144,167 shares of the company’s stock after purchasing an additional 112,699 shares during the period. Marshall Wace LLP’s holdings in Corporación Inmobiliaria Vesta were worth $4,324,000 at the end of the most recent quarter. 6.94% of the stock is owned by institutional investors.

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.