Corporación Inmobiliaria Vesta (NYSE:VTMX) Price Target Cut to $35.00 by Analysts at Barclays

Corporación Inmobiliaria Vesta (NYSE:VTMX) had its target price reduced by Barclays from $38.00 to $35.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

Separately, The Goldman Sachs Group decreased their price objective on Corporación Inmobiliaria Vesta from $42.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, October 7th.

Corporación Inmobiliaria Vesta Stock Down 2.3 %

VTMX opened at $23.44 on Wednesday. The company has a 50 day moving average of $26.12 and a 200 day moving average of $29.06. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 0.31. Corporación Inmobiliaria Vesta has a 12 month low of $23.32 and a 12 month high of $41.44. The company has a market cap of $20.25 billion, a PE ratio of 5.30 and a beta of 1.37.

Corporación Inmobiliaria Vesta Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, October 11th were issued a $0.1843 dividend. This represents a $0.74 annualized dividend and a yield of 3.15%. This is an increase from Corporación Inmobiliaria Vesta’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, October 11th. Corporación Inmobiliaria Vesta’s dividend payout ratio (DPR) is presently 3.39%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Corporación Inmobiliaria Vesta stock. Rhumbline Advisers raised its holdings in Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) by 54.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,610 shares of the company’s stock after acquiring an additional 1,270 shares during the period. Rhumbline Advisers’ holdings in Corporación Inmobiliaria Vesta were worth $108,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.