Corporacion Inmobiliaria Vesta (NYSE:VTMX) Sees Strong Trading Volume – Should You Buy?

Shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) saw strong trading volume on Thursday . 109,626 shares traded hands during trading, an increase of 120% from the previous session’s volume of 49,832 shares.The stock last traded at $32.4090 and had previously closed at $32.28.

Analysts Set New Price Targets

A number of research firms have weighed in on VTMX. Wall Street Zen raised Corporacion Inmobiliaria Vesta from a “sell” rating to a “hold” rating in a research report on Sunday, October 26th. Zacks Research downgraded shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong sell” rating in a report on Thursday, January 8th. UBS Group increased their target price on shares of Corporacion Inmobiliaria Vesta from $35.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Wednesday, October 8th. Finally, Scotiabank lowered shares of Corporacion Inmobiliaria Vesta from a “sector outperform” rating to a “hold” rating in a research note on Wednesday, December 10th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $33.33.

Corporacion Inmobiliaria Vesta Stock Down 0.2%

The firm has a market capitalization of $2.73 billion, a P/E ratio of 1,611.35, a PEG ratio of 4.15 and a beta of 0.70. The firm’s 50 day moving average is $31.09 and its two-hundred day moving average is $28.91. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.97 and a quick ratio of 2.97.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.21). The firm had revenue of $72.43 million during the quarter, compared to analyst estimates of $1.30 billion. Corporacion Inmobiliaria Vesta had a net margin of 1.83% and a return on equity of 0.19%. Research analysts predict that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.2 EPS for the current year.

Corporacion Inmobiliaria Vesta Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, January 27th. Investors of record on Friday, January 16th will be paid a $0.2041 dividend. This is an increase from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. The ex-dividend date is Friday, January 16th. This represents a yield of 63.0%. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is 850.00%.

Institutional Trading of Corporacion Inmobiliaria Vesta

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its stake in Corporacion Inmobiliaria Vesta by 38.1% in the 2nd 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 period. ABC Arbitrage SA lifted its holdings in shares of Corporacion Inmobiliaria Vesta by 252.0% during the second quarter. ABC Arbitrage SA now owns 199,263 shares of the company’s stock worth $5,458,000 after buying an additional 142,660 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Corporacion Inmobiliaria Vesta by 6.6% during the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock worth $8,803,000 after buying an additional 19,967 shares in the last quarter. Finally, Centersquare Investment Management LLC boosted its position in shares of Corporacion Inmobiliaria Vesta by 4.9% in the third 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 period. Institutional investors own 6.61% of the company’s stock.

About Corporacion Inmobiliaria Vesta

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.