Corporación Inmobiliaria Vesta (NYSE:VTMX) Sets New 12-Month Low - Here's What Happened

Shares of Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $25.26 and last traded at $25.34, with a volume of 55314 shares changing hands. The stock had previously closed at $25.87.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Barclays dropped their target price 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. The Goldman Sachs Group dropped their target price on shares of Corporación Inmobiliaria Vesta from $42.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, October 7th.

Corporación Inmobiliaria Vesta Stock Down 0.8 %

The firm's fifty day moving average price is $27.42 and its two-hundred day moving average price is $31.10. The stock has a market cap of $22.18 billion, a price-to-earnings ratio of 5.12 and a beta of 1.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.10 and a quick ratio of 3.10.

Corporación Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.73. Corporación Inmobiliaria Vesta had a net margin of 179.79% and a return on equity of 17.11%. The firm had revenue of $63.02 million for the quarter. Sell-side analysts forecast that Corporación Inmobiliaria Vesta, S.A.B. de C.V. will post 3.1 earnings per share for the current fiscal year.

Corporación Inmobiliaria Vesta Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, October 11th were issued a dividend of $0.1843 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.74 annualized dividend and a dividend yield of 2.87%. This is a positive change from Corporación Inmobiliaria Vesta's previous quarterly dividend of $0.15. Corporación Inmobiliaria Vesta's dividend payout ratio is currently 2.99%.

Institutional Investors Weigh In On Corporación Inmobiliaria Vesta

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC increased 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 acquiring an additional 326,679 shares in the last quarter. Centersquare Investment Management LLC increased its position in shares of Corporación Inmobiliaria Vesta by 19.0% during the first 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. Marshall Wace LLP increased its position in shares of Corporación Inmobiliaria Vesta by 358.1% during 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 in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Corporación Inmobiliaria Vesta by 54.3% during the second 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 owned by institutional investors.

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.