Corporación Inmobiliaria Vesta (NYSE:VTMX) Hits New 52-Week Low - What's Next?

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 $25.09 and last traded at $25.28, with a volume of 815 shares. The stock had previously closed at $25.27.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VTMX. Barclays decreased 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 report on Wednesday, July 31st. The Goldman Sachs Group decreased 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 report on Monday, October 7th.

Corporación Inmobiliaria Vesta Price Performance

The company's fifty day moving average price is $26.96 and its 200 day moving average price is $30.61. 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 firm has a market capitalization of $21.52 billion, a price-to-earnings ratio of 5.64 and a beta of 1.40.

Corporación Inmobiliaria Vesta Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, October 11th were issued a $0.1843 dividend. The ex-dividend date of this dividend was Friday, October 11th. This is a positive change from Corporación Inmobiliaria Vesta's previous quarterly dividend of $0.15. This represents a $0.74 annualized dividend and a dividend yield of 2.96%. Corporación Inmobiliaria Vesta's payout ratio is 3.39%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Marshall Wace LLP boosted 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 buying an additional 112,699 shares during the period. Rhumbline Advisers boosted its holdings in shares of Corporación Inmobiliaria Vesta by 54.3% in the 2nd quarter. Rhumbline Advisers now owns 3,610 shares of the company's stock valued at $108,000 after buying an additional 1,270 shares during the period. Lazard Asset Management LLC lifted its position in 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 during the last quarter. Finally, Centersquare Investment Management LLC lifted its position in 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 during the last quarter. 6.94% of the stock is owned by institutional investors and hedge funds.

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.