Corporación Inmobiliaria Vesta (NYSE:VTMX) Shares Gap Up to $27.59

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) gapped up before the market opened on Monday . The stock had previously closed at $27.59, but opened at $28.41. Corporación Inmobiliaria Vesta shares last traded at $28.11, with a volume of 19,434 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Barclays lowered their target price on Corporación Inmobiliaria Vesta from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st.

Corporación Inmobiliaria Vesta Stock Performance

The firm’s fifty day moving average price is $29.03 and its 200 day moving average price is $33.09. The firm has a market cap of $23.78 billion, a P/E ratio of 5.50 and a beta of 1.40. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.10 and a current ratio of 3.10.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.23 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%. Sell-side analysts expect 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 business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 15th were paid a dividend of $0.1549 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Monday, July 15th. Corporación Inmobiliaria Vesta’s dividend payout ratio (DPR) is currently 11.95%.

Hedge Funds Weigh In On Corporación Inmobiliaria Vesta

Several institutional investors and hedge funds have recently added to or reduced their stakes in VTMX. Lazard Asset Management LLC increased its position in shares of Corporación Inmobiliaria Vesta by 3,292.8% during the first 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. Marshall Wace LLP raised its stake in Corporación Inmobiliaria Vesta by 358.1% in the second 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 last quarter. Centersquare Investment Management LLC raised 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 valued at $11,053,000 after buying an additional 44,907 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Corporación Inmobiliaria Vesta by 54.3% in the second quarter. Rhumbline Advisers now owns 3,610 shares of the company’s stock worth $108,000 after acquiring an additional 1,270 shares in the last quarter. 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.