Corporación Inmobiliaria Vesta (NYSE:VTMX) is seeing a big increase in volume

Shares of Corporación Inmobiliaria Vesta, SAB de CV (NYSE:VTMX – Get Your Free Report ) saw an increase in trading volume on Friday. 162,881 shares changed hands during mid-day trading, up 18% from the previous session’s volume of 138,378 shares. Shares last traded at $28.76 and previously closed at $28.19.

The Wall Street analyst weighs in

Separately, Barclays cut 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 research note on Wednesday, July 31st.

Get the latest stock analysis on VTMX

Share performance of Corporación Inmobiliaria Vesta

The company has a quick ratio of 3.10, a current ratio of 3.10, and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $30.10 and a 200-day moving average price of $34.07. The stock has a market cap of $25.16 billion, a P/E ratio of 5.80 and a beta of 1.42.

Corporación Inmobiliaria Vesta (NYSE:VTMX – Get Your Free Report ) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $0.50 by $0.73. Corporación Inmobiliaria Vesta had a return on equity of 17.11% and a net margin of 179.79%. The company had revenue of $63.02 million for the quarter. As a group, sell-side analysts expect Corporación Inmobiliaria Vesta, SAB de CV to post 3 EPS for the current year.

Corporación Inmobiliaria Vesta cuts dividends

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 15th were paid a $0.1549 dividend. This represents an annualized dividend of $0.62 and a yield of 2.13%. The ex-dividend date was Monday, July 15. Corporación Inmobiliaria Vesta’s dividend payout ratio is currently 11.95%.

Institutional investors intervene in Corporación Inmobiliaria Vesta

Several large investors have recently added to or reduced their stakes in VTMX. Rhumbline Advisers grew its position 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. M&T Bank Corp acquired a new stake in shares of Corporación Inmobiliaria Vesta in the fourth quarter valued at approximately $1,364,000. Centersquare Investment Management LLC raised 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 worth $11,053,000 after buying an additional 44,907 shares during the last quarter. Marshall Wace LLP boosted its holdings 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 acquiring an additional 112,699 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in 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. 6.94% of the shares are held by hedge funds and other institutional investors.

About Corporación Inmobiliaria Vesta

(Get a free report)

Corporación Inmobiliaria Vesta, SAB. de CV, together with its subsidiaries, acquires, develops, manages, operates and leases industrial buildings and distribution facilities in Mexico. The company was founded in 1998 and is headquartered in Mexico City, Mexico.

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