Barclays Lowers Corporación Inmobiliaria Vesta (NYSE:VTMX) Price Target to $35.00

Corporación Inmobiliaria Vesta (NYSE:VTMX - Free Report) had its target price trimmed by Barclays from $38.00 to $35.00 in a research report report published on Wednesday,Benzinga reports. The firm currently has an overweight rating on the stock.

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

Corporación Inmobiliaria Vesta Price Performance

NYSE VTMX traded down $0.54 on Wednesday, reaching $23.44. The company had a trading volume of 242,175 shares, compared to its average volume of 152,915. The firm's 50 day moving average price is $26.12 and its 200 day moving average price is $29.06. Corporación Inmobiliaria Vesta has a 12 month low of $23.32 and a 12 month high of $41.44. The stock has a market capitalization of $20.25 billion, a PE ratio of 5.43 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 firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, October 11th were paid a dividend of $0.1843 per share. This is an increase from Corporación Inmobiliaria Vesta's previous quarterly dividend of $0.15. The ex-dividend date was Friday, October 11th. This represents a $0.74 dividend on an annualized basis and a yield of 3.15%. Corporación Inmobiliaria Vesta's dividend payout ratio is presently 3.39%.

Institutional Trading of Corporación Inmobiliaria Vesta

A hedge fund recently raised its stake in Corporación Inmobiliaria Vesta stock. Rhumbline Advisers boosted its stake in shares of Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX - Free Report) by 54.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,610 shares of the company's stock after acquiring an additional 1,270 shares during the quarter. Rhumbline Advisers' holdings in Corporación Inmobiliaria Vesta were worth $108,000 as of its most recent SEC filing. 6.94% of the stock is currently owned by institutional investors and hedge funds.

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.