Corporación Inmobiliaria Vesta (NYSE:VTMX) Sets New 1-Year Low at $28.86

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) shares reached a new 52-week low on Friday . The stock traded as low as $28.86 and last traded at $28.98, with a volume of 10989 shares traded. The stock had previously closed at $29.32.

Analyst Upgrades and Downgrades

Separately, Barclays cut their price target on shares of Corporación Inmobiliaria Vesta from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, July 15th.

Corporación Inmobiliaria Vesta Stock Down 0.6 %

The firm has a market capitalization of $25.18 billion and a price-to-earnings ratio of 5.79. The firm has a fifty day moving average price of $32.24 and a 200 day moving average price of $35.42. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.33.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.91. The firm 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%. Sell-side analysts anticipate 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. Investors of record on Monday, July 15th were issued a $0.1549 dividend. The ex-dividend date was Monday, July 15th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.13%. Corporación Inmobiliaria Vesta’s dividend payout ratio is 11.95%.

Institutional Investors Weigh In On Corporación Inmobiliaria Vesta

A number of institutional investors and hedge funds have recently made changes to their positions in the company. M&T Bank Corp bought a new position in shares of Corporación Inmobiliaria Vesta in the 4th quarter worth $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 valued at $11,053,000 after buying an additional 44,907 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings 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 worth $13,208,000 after buying an additional 326,679 shares during the last quarter. 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.