Corporación Inmobiliaria Vesta (NYSE:VTMX) Shares Gap Up to $27.59

Shares of Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $27.59, but opened at $28.41. Corporación Inmobiliaria Vesta shares last traded at $28.11, with a volume of 19,434 shares changing hands.

Wall Street Analyst Weigh In

Separately, Barclays lowered their price objective 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 Trading Up 0.1 %

The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.32. The stock's 50 day moving average is $29.03 and its 200-day moving average is $33.09. The company has a market cap of $23.86 billion, a PE ratio of 5.50 and a beta of 1.40.

Corporación Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.23 EPS for the quarter, topping 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 company had revenue of $63.02 million during the quarter. As a group, sell-side analysts anticipate that Corporación Inmobiliaria Vesta, S.A.B. de C.V. will post 3 EPS for the current year.

Corporación Inmobiliaria Vesta Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 15th were given a $0.1549 dividend. This represents a $0.62 annualized dividend and a yield of 2.24%. The ex-dividend date was Monday, July 15th. Corporación Inmobiliaria Vesta's dividend payout ratio (DPR) is presently 11.95%.

Institutional Investors Weigh In On Corporación Inmobiliaria Vesta

Several large investors have recently added to or reduced their stakes in VTMX. Centersquare Investment Management LLC raised its position 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 increased its stake 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 valued at $13,208,000 after buying an additional 326,679 shares during the period. Rhumbline Advisers raised its holdings 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 valued at $108,000 after acquiring an additional 1,270 shares in the last quarter. Finally, Marshall Wace LLP raised 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 valued at $4,324,000 after acquiring an additional 112,699 shares in the last quarter. 6.94% of the stock is owned by hedge funds and other 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.