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

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) shares gapped up prior to trading 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 traded.

Analyst Upgrades and Downgrades

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

Corporación Inmobiliaria Vesta Price Performance

The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average price is $28.92 and its two-hundred day moving average price is $32.98. The stock has a market cap of $23.94 billion, a P/E ratio of 5.52 and a beta of 1.40.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $63.02 million during the quarter. As a group, sell-side analysts expect that Corporación Inmobiliaria Vesta, S.A.B. de C.V. will post 3 earnings per share for the current fiscal year.

Corporación Inmobiliaria Vesta Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 15th were issued a dividend of $0.1549 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date was Monday, July 15th. Corporación Inmobiliaria Vesta’s payout ratio is 11.95%.

Institutional Trading of Corporación Inmobiliaria Vesta

A number of institutional investors and hedge funds have recently modified their holdings of VTMX. Rhumbline Advisers boosted its position in shares of 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 buying an additional 1,270 shares during the last quarter. Marshall Wace LLP lifted its stake in Corporación Inmobiliaria Vesta by 358.1% during the 2nd 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. Centersquare Investment Management LLC lifted its stake in Corporación Inmobiliaria Vesta by 19.0% during the 1st 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. Finally, Lazard Asset Management LLC grew its stake in shares of 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. 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.