Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX - Get Free Report)'s stock price reached a new 52-week low on Friday . The company traded as low as $23.77 and last traded at $24.17, with a volume of 26164 shares. The stock had previously closed at $24.44.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of Corporación Inmobiliaria Vesta from $42.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, October 7th. Barclays lowered 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.
Check Out Our Latest Research Report on Corporación Inmobiliaria Vesta
Corporación Inmobiliaria Vesta Price Performance
The company has a debt-to-equity ratio of 0.31, a quick ratio of 4.59 and a current ratio of 4.59. The company has a market cap of $20.99 billion, a PE ratio of 5.50 and a beta of 1.37. The company's 50-day simple moving average is $26.26 and its 200 day simple moving average is $29.32.
Corporación Inmobiliaria Vesta Increases Dividend
The firm also recently declared 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 annualized dividend and a yield of 3.03%. 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 (DPR) is currently 3.39%.
Institutional Investors Weigh In On Corporación Inmobiliaria Vesta
Hedge funds and other institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC raised its holdings 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 purchasing an additional 326,679 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Corporación Inmobiliaria Vesta by 358.1% in the 2nd quarter. Marshall Wace LLP now owns 144,167 shares of the company's stock valued at $4,324,000 after purchasing an additional 112,699 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Corporación Inmobiliaria Vesta by 54.3% during the 2nd quarter. Rhumbline Advisers now owns 3,610 shares of the company's stock worth $108,000 after acquiring an additional 1,270 shares in the last quarter. 6.94% of the stock is currently owned by institutional investors and hedge funds.
About Corporación Inmobiliaria Vesta
(
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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.
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