Corporación Inmobiliaria Vesta (NYSE:VTMX) Sets New 1-Year Low – Time to Sell?

Shares of Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) hit a new 52-week low on Wednesday . The stock traded as low as $24.57 and last traded at $24.57, with a volume of 1993 shares. The stock had previously closed at $25.51.

Analyst Upgrades and Downgrades

Several equities analysts have commented on VTMX shares. Barclays lowered their price objective on Corporación Inmobiliaria Vesta from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. The Goldman Sachs Group dropped their target price on Corporación Inmobiliaria Vesta from $42.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, October 7th.

Corporación Inmobiliaria Vesta Stock Performance

The firm has a market capitalization of $22.44 billion, a P/E ratio of 5.99 and a beta of 1.37. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 0.31. The business’s 50 day simple moving average is $26.56 and its two-hundred day simple moving average is $30.15.

Corporación Inmobiliaria Vesta Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, October 11th were given a $0.1843 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Friday, October 11th. This is an increase from Corporación Inmobiliaria Vesta’s previous quarterly dividend of $0.15. Corporación Inmobiliaria Vesta’s payout ratio is 3.39%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of VTMX. Lazard Asset Management LLC raised its stake in Corporación Inmobiliaria Vesta by 3,292.8% during the 1st 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. Marshall Wace LLP raised its holdings 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. Centersquare Investment Management LLC lifted its position in shares of 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 acquiring an additional 44,907 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of 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 during the period. 6.94% of the stock is owned by hedge funds and other institutional investors.

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.