Corporacion Inmobiliaria Vesta (NYSE:VTMX) Reaches New 52-Week High – What’s Next?

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) reached a new 52-week high during trading on Monday . The stock traded as high as $32.70 and last traded at $32.5890, with a volume of 11627 shares changing hands. The stock had previously closed at $32.17.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on VTMX shares. Barclays upped their target price on Corporacion Inmobiliaria Vesta from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Zacks Research lowered Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 8th. Scotiabank cut Corporacion Inmobiliaria Vesta from a “sector outperform” rating to a “hold” rating in a research note on Wednesday, December 10th. Weiss Ratings restated a “sell (d+)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Wednesday, January 21st. Finally, UBS Group lifted their price objective on shares of Corporacion Inmobiliaria Vesta from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, December 17th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Corporacion Inmobiliaria Vesta currently has an average rating of “Reduce” and a consensus target price of $33.33.

Corporacion Inmobiliaria Vesta Stock Performance

The stock has a market cap of $2.83 billion, a P/E ratio of 1,671.35 and a beta of 0.70. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.97 and a quick ratio of 2.97. The company has a fifty day moving average of $31.34 and a 200 day moving average of $29.41.

Corporacion Inmobiliaria Vesta Increases Dividend

The firm also recently declared an annual dividend, which was paid on Tuesday, January 27th. Shareholders of record on Friday, January 16th were given a $0.2041 dividend. This represents a yield of 63.0%. This is a boost from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. The ex-dividend date was Friday, January 16th. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is presently 850.00%.

Institutional Trading of Corporacion Inmobiliaria Vesta

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its stake in Corporacion Inmobiliaria Vesta by 38.1% during the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock valued at $1,017,000 after purchasing an additional 10,236 shares during the last quarter. ABC Arbitrage SA grew its position in Corporacion Inmobiliaria Vesta by 148.8% in the fourth quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock worth $4,401,000 after buying an additional 86,328 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of Corporacion Inmobiliaria Vesta by 6.6% in the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock valued at $8,803,000 after buying an additional 19,967 shares in the last quarter. Finally, Centersquare Investment Management LLC lifted its position in shares of Corporacion Inmobiliaria Vesta by 4.9% during the 3rd quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock valued at $10,357,000 after acquiring an additional 17,110 shares during the last quarter. 6.61% of the stock is currently owned by institutional investors.

Corporacion Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, trading as VTMX on the New York Stock Exchange, is a Mexico-based real estate investment trust (REIT) specializing in the development, acquisition and management of industrial properties. The company’s portfolio primarily consists of warehouses, distribution centers and manufacturing facilities tailored to multinational corporations, logistics operators and other businesses seeking modern, well-connected industrial space in Mexico.

Vesta’s core business activities include the design and construction of build-to-suit projects, the leasing of speculative and multi-tenant properties, and sale-leaseback transactions that convert existing facilities into long-term lease arrangements.