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

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) shares saw an uptick in trading volume on Wednesday . 558,156 shares changed 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.

Analyst Ratings Changes

Separately, Barclays cut 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 research report on Wednesday, July 31st.

Corporación Inmobiliaria Vesta Price Performance

The company’s fifty day moving average price is $28.76 and its 200 day moving average price is $32.91. The company has a market capitalization of $24.09 billion, a P/E ratio of 5.55 and a beta of 1.40. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.32.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last announced its earnings results 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 for the quarter. As a group, sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 15th were issued a dividend of $0.1549 per share. The ex-dividend date of this dividend was Monday, July 15th. This represents a $0.62 annualized dividend and a dividend yield of 2.22%. Corporación Inmobiliaria Vesta’s dividend payout ratio is presently 11.95%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in 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 during the last quarter. Marshall Wace LLP increased its stake 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 during the last quarter. Centersquare Investment Management LLC increased its stake in Corporación Inmobiliaria Vesta by 19.0% in the first quarter. Centersquare Investment Management LLC now owns 281,677 shares of the company’s stock valued at $11,053,000 after acquiring an additional 44,907 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in Corporación Inmobiliaria Vesta by 3,292.8% in the first quarter. Lazard Asset Management LLC now owns 336,600 shares of the company’s stock valued at $13,208,000 after acquiring an additional 326,679 shares during 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.