Corporación Inmobiliaria Vesta (NYSE:VTMX) Reaches New 12-Month Low at $25.61

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX - Get Free Report)'s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $25.61 and last traded at $25.67, with a volume of 17551 shares traded. The stock had previously closed at $26.05.

Wall Street Analyst Weigh In

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

Corporación Inmobiliaria Vesta Trading Down 1.9 %

The stock has a market capitalization of $22.07 billion, a PE ratio of 5.09 and a beta of 1.40. 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 business's 50-day moving average is $29.30 and its two-hundred day moving average is $33.32.

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. 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 during the quarter. On average, analysts predict that Corporación Inmobiliaria Vesta, S.A.B. de C.V. will post 3 earnings per share for the current year.

Corporación Inmobiliaria Vesta Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 15th were issued a dividend of $0.1549 per share. This represents a $0.62 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Monday, July 15th. Corporación Inmobiliaria Vesta's payout ratio is 11.95%.

Hedge Funds Weigh In On Corporación Inmobiliaria Vesta

A number of institutional investors have recently added to or reduced their stakes in the company. Centersquare Investment Management LLC grew its stake in Corporación Inmobiliaria Vesta by 19.0% during 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. Lazard Asset Management LLC grew its position in shares of Corporación Inmobiliaria Vesta by 3,292.8% during the first 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 in the last quarter. Rhumbline Advisers increased its stake 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 buying an additional 1,270 shares during the last quarter. Finally, Marshall Wace LLP raised 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 valued at $4,324,000 after acquiring an additional 112,699 shares in 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.