Corporación Inmobiliaria Vesta (NYSE:VTMX) Sets New 1-Year Low – What’s Next?

Shares of Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $25.09 and last traded at $25.28, with a volume of 815 shares. The stock had previously closed at $25.27.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VTMX. Barclays reduced their price objective 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. The Goldman Sachs Group reduced their price objective on 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 Down 0.3 %

The company has a market cap of $21.77 billion, a PE ratio of 5.72 and a beta of 1.40. 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 firm has a 50-day simple moving average of $26.96 and a two-hundred day simple moving average of $30.61.

Corporación Inmobiliaria Vesta Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, October 11th were given a $0.1843 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.93%. This is an increase from Corporación Inmobiliaria Vesta’s previous quarterly dividend of $0.15. Corporación Inmobiliaria Vesta’s payout ratio is currently 3.39%.

Institutional Investors Weigh In On Corporación Inmobiliaria Vesta

A number of hedge funds and other institutional investors have recently made changes to their positions in VTMX. Marshall Wace LLP grew its position in 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 during the period. Rhumbline Advisers grew its position in Corporación Inmobiliaria Vesta by 54.3% during the second quarter. Rhumbline Advisers now owns 3,610 shares of the company’s stock valued at $108,000 after acquiring an additional 1,270 shares during the period. Lazard Asset Management LLC grew its position in 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 valued at $13,208,000 after acquiring an additional 326,679 shares during the period. Finally, Centersquare Investment Management LLC grew its position in Corporación Inmobiliaria Vesta by 19.0% during the first quarter. Centersquare Investment Management LLC now owns 281,677 shares of the company’s stock valued at $11,053,000 after acquiring an additional 44,907 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.