Corporación Inmobiliaria Vesta (NYSE:VTMX) Reaches New 1-Year Low at $27.23

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $27.23 and last traded at $27.36, with a volume of 162580 shares changing hands. The stock had previously closed at $28.77.

Analysts Set New Price Targets

Separately, Barclays reduced their price target on shares of Corporación Inmobiliaria Vesta from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st.

Corporación Inmobiliaria Vesta Price Performance

The firm has a market capitalization of $23.63 billion, a PE ratio of 5.42 and a beta of 1.42. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.10 and a current ratio of 3.10. The stock has a fifty day moving average price of $29.94 and a 200-day moving average price of $33.87.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.73. Corporación Inmobiliaria Vesta had a net margin of 179.79% and a return on equity of 17.11%. The business had revenue of $63.02 million for the quarter. Sell-side analysts forecast that Corporación Inmobiliaria Vesta, S.A.B. de C.V. will post 3 EPS for the current fiscal year.

Corporación Inmobiliaria Vesta Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 15th were paid a $0.1549 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Monday, July 15th. Corporación Inmobiliaria Vesta’s dividend payout ratio (DPR) is presently 11.95%.

Institutional Trading of Corporación Inmobiliaria Vesta

Large investors have recently bought and sold shares of the stock. M&T Bank Corp acquired a new stake in Corporación Inmobiliaria Vesta during the 4th quarter valued at approximately $1,364,000. Centersquare Investment Management LLC boosted its holdings in Corporación Inmobiliaria Vesta by 19.0% in the first quarter. Centersquare Investment Management LLC now owns 281,677 shares of the company’s stock valued at $11,053,000 after purchasing an additional 44,907 shares during the last quarter. Lazard Asset Management LLC grew its position in Corporación Inmobiliaria Vesta by 3,292.8% during 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 during the period. Rhumbline Advisers raised its stake in shares of Corporación Inmobiliaria Vesta by 54.3% during the 2nd quarter. Rhumbline Advisers now owns 3,610 shares of the company’s stock valued at $108,000 after buying an additional 1,270 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of Corporación Inmobiliaria Vesta by 358.1% in the 2nd quarter. Marshall Wace LLP now owns 144,167 shares of the company’s stock valued at $4,324,000 after buying an additional 112,699 shares during the period. Hedge funds and other 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.