Corporación Inmobiliaria Vesta (NYSE:VTMX) Sees Unusually-High Trading Volume

Shares of Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) saw unusually-strong trading volume on Wednesday . Approximately 558,156 shares traded hands during trading, an increase of 276% from the previous session’s volume of 148,459 shares.The stock last traded at $27.76 and had previously closed at $27.71.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered their price target 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.

Corporación Inmobiliaria Vesta Stock Up 0.3 %

The firm has a 50 day moving average price of $28.92 and a 200-day moving average price of $32.98. The firm has a market cap of $24.01 billion, a price-to-earnings ratio of 5.52 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) last announced its quarterly earnings data 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 firm had revenue of $63.02 million during the quarter. Corporación Inmobiliaria Vesta had a return on equity of 17.11% and a net margin of 179.79%. As a group, equities analysts predict that Corporación Inmobiliaria Vesta, S.A.B. de C.V. will post 3 EPS for the current fiscal 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 paid a $0.1549 dividend. The ex-dividend date of this dividend was Monday, July 15th. This represents a $0.62 dividend on an annualized basis and a yield of 2.23%. Corporación Inmobiliaria Vesta’s payout ratio is presently 11.95%.

Institutional Investors Weigh In On Corporación Inmobiliaria Vesta

Institutional investors have recently made changes to their positions in the stock. 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 worth $4,324,000 after acquiring an additional 112,699 shares during the last quarter. Rhumbline Advisers boosted 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 purchasing an additional 1,270 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of 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 buying an additional 326,679 shares during the period. Finally, Centersquare Investment Management LLC increased its position in shares of 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 buying an additional 44,907 shares in 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.