Corporación Inmobiliaria Vesta (NYSE:VTMX) Reaches New 52-Week Low – What’s Next?

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $23.77 and last traded at $24.17, with a volume of 26164 shares traded. The stock had previously closed at $24.44.

Analyst Ratings Changes

VTMX has been the subject of a number of analyst reports. Barclays cut their price objective on shares of 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 cut their price target on shares of 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 Performance

The company’s 50-day moving average is $26.37 and its two-hundred day moving average is $29.44. The company has a market capitalization of $20.93 billion, a P/E ratio of 5.54 and a beta of 1.37. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 0.31.

Corporación Inmobiliaria Vesta Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, October 11th were paid a $0.1843 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date was Friday, October 11th. This is a boost from Corporación Inmobiliaria Vesta’s previous quarterly dividend of $0.15. Corporación Inmobiliaria Vesta’s dividend payout ratio is currently 3.39%.

Hedge Funds Weigh In On Corporación Inmobiliaria Vesta

Large investors have recently modified their holdings of the company. Marshall Wace LLP lifted its stake in Corporación Inmobiliaria Vesta by 358.1% in the second quarter. Marshall Wace LLP now owns 144,167 shares of the company’s stock worth $4,324,000 after purchasing an additional 112,699 shares during the last quarter. Rhumbline Advisers increased its holdings 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 buying an additional 1,270 shares during the period. Finally, Lazard Asset Management LLC lifted its stake in shares of Corporación Inmobiliaria Vesta by 3,292.8% in the 1st 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 last quarter. 6.94% of the stock is owned by hedge funds and other institutional investors.

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.