Corporación Inmobiliaria Vesta (NYSE:VTMX) Sees Unusually-High Trading Volume

Shares of Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) saw unusually-high trading volume on Tuesday . Approximately 263,617 shares traded hands during mid-day trading, an increase of 121% from the previous session’s volume of 119,204 shares.The stock last traded at $30.54 and had previously closed at $29.90.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upped their price objective on shares of Corporación Inmobiliaria Vesta from $38.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd.

Corporación Inmobiliaria Vesta Stock Performance

The firm has a market cap of $26.44 billion and a PE ratio of 6.07. The company has a 50 day simple moving average of $35.09 and a 200-day simple moving average of $36.83. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.09 and a quick ratio of 3.09.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last issued its earnings results on Thursday, April 25th. The company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.91. The business had revenue of $60.59 million during the quarter. Corporación Inmobiliaria Vesta had a return on equity of 18.25% and a net margin of 182.61%. As a group, equities research analysts anticipate that Corporación Inmobiliaria Vesta, S.A.B. de C.V. will post 3 EPS for the current year.

Corporación Inmobiliaria Vesta Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Monday, April 15th were paid a $0.1832 dividend. The ex-dividend date was Friday, April 12th. This represents a $0.73 annualized dividend and a yield of 2.39%. This is a positive change from Corporación Inmobiliaria Vesta’s previous quarterly dividend of $0.14. Corporación Inmobiliaria Vesta’s dividend payout ratio is currently 2.99%.

Institutional Trading of Corporación Inmobiliaria Vesta

Institutional investors have recently made changes to their positions in the stock. M&T Bank Corp purchased a new stake in shares of Corporación Inmobiliaria Vesta during the fourth quarter valued at approximately $1,364,000. Centersquare Investment Management LLC lifted its stake 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 worth $11,053,000 after acquiring an additional 44,907 shares during the period. Finally, Lazard Asset Management LLC lifted its stake in Corporación Inmobiliaria Vesta by 3,292.8% in the first quarter. Lazard Asset Management LLC now owns 336,600 shares of the company’s stock worth $13,208,000 after acquiring an additional 326,679 shares during the period. Hedge funds and other institutional investors own 6.94% of the company’s stock.

Corporación Inmobiliaria Vesta Company Profile

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.