Corporación Inmobiliaria Vesta (NYSE:VTMX) Hits New 12-Month Low at $26.73

Shares of Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX - Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as $26.73 and last traded at $26.73, with a volume of 44797 shares. The stock had previously closed at $27.52.

Wall Street Analyst Weigh In

Separately, Barclays dropped their target price on Corporación Inmobiliaria Vesta from $40.00 to $38.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 31st.

Corporación Inmobiliaria Vesta Stock Performance

The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.32. The firm has a 50-day simple moving average of $29.62 and a two-hundred day simple moving average of $33.59. The company has a market capitalization of $22.93 billion, a price-to-earnings ratio of 5.29 and a beta of 1.40.

Corporación Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last issued its earnings results on Thursday, July 25th. The company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.73. The company had revenue of $63.02 million for the quarter. Corporación Inmobiliaria Vesta had a return on equity of 17.11% and a net margin of 179.79%. As a group, sell-side analysts forecast that Corporación Inmobiliaria Vesta, S.A.B. de C.V. will post 3 earnings per share 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. Stockholders of record on Monday, July 15th were paid a dividend of $0.1549 per share. The ex-dividend date of this dividend was Monday, July 15th. This represents a $0.62 annualized dividend and a dividend yield of 2.33%. 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 VTMX. M&T Bank Corp bought a new stake in shares of Corporación Inmobiliaria Vesta during the 4th quarter worth about $1,364,000. Centersquare Investment Management LLC boosted its stake in shares of Corporación Inmobiliaria Vesta by 19.0% during the 1st quarter. Centersquare Investment Management LLC now owns 281,677 shares of the company's stock worth $11,053,000 after acquiring an additional 44,907 shares in the last quarter. Lazard Asset Management LLC boosted its stake 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 acquiring an additional 326,679 shares in the last quarter. Rhumbline Advisers boosted 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 valued at $108,000 after purchasing an additional 1,270 shares during the period. Finally, Marshall Wace LLP boosted its stake in Corporación Inmobiliaria Vesta by 358.1% during 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 during the period. Institutional investors 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.