Corporación Inmobiliaria Vesta (NYSE:VTMX) Hits New 52-Week Low at $27.23

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX - Get Free Report)'s share price hit a new 52-week low on Tuesday . The company traded as low as $27.23 and last traded at $27.36, with a volume of 162580 shares changing hands. The stock had previously closed at $28.77.

Wall Street Analyst Weigh In

Separately, Barclays decreased their target price on 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.

Corporación Inmobiliaria Vesta Price Performance

The firm has a market capitalization of $23.21 billion, a price-to-earnings ratio of 5.35 and a beta of 1.42. The business has a fifty day moving average of $30.08 and a two-hundred day moving average of $33.99. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.10 and a current ratio of 3.10.

Corporación Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $0.50 by $0.73. The business had revenue of $63.02 million for the quarter. Corporación Inmobiliaria Vesta had a net margin of 179.79% and a return on equity of 17.11%. As a group, research analysts predict that Corporación Inmobiliaria Vesta, S.A.B. de C.V. will post 3 EPS for the current fiscal year.

Corporación Inmobiliaria Vesta Cuts Dividend

The business 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 a $0.62 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Monday, July 15th. Corporación Inmobiliaria Vesta's dividend payout ratio (DPR) is presently 11.95%.

Institutional Trading of Corporación Inmobiliaria Vesta

Several large investors have recently made changes to their positions in the company. Lazard Asset Management LLC lifted its position in shares of Corporación Inmobiliaria Vesta by 3,292.8% during the 1st quarter. Lazard Asset Management LLC now owns 336,600 shares of the company's stock worth $13,208,000 after buying an additional 326,679 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of 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 last quarter. Centersquare Investment Management LLC boosted its stake in shares of Corporación Inmobiliaria Vesta by 19.0% in the 1st quarter. Centersquare Investment Management LLC now owns 281,677 shares of the company's stock valued at $11,053,000 after purchasing an additional 44,907 shares in the last quarter. M&T Bank Corp bought a new stake in shares of Corporación Inmobiliaria Vesta during the 4th quarter valued at approximately $1,364,000. Finally, Rhumbline Advisers grew its holdings in shares of Corporación Inmobiliaria Vesta by 54.3% during the 2nd quarter. Rhumbline Advisers now owns 3,610 shares of the company's stock valued at $108,000 after purchasing an additional 1,270 shares during the last quarter. Institutional investors and hedge funds own 6.94% of the company's stock.

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.

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