Corporación Inmobiliaria Vesta (NYSE:VTMX) Reaches New 52-Week Low – Time to Sell?

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $23.77 and last traded at $24.17, with a volume of 26164 shares. The stock had previously closed at $24.44.

Analysts Set New Price Targets

VTMX has been the subject of several research analyst reports. 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. The Goldman Sachs Group reduced their price objective on shares of Corporación Inmobiliaria Vesta from $42.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, October 7th.

Corporación Inmobiliaria Vesta Trading Down 0.6 %

The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 0.31. The company has a market cap of $20.99 billion, a P/E ratio of 5.50 and a beta of 1.37. The firm’s 50 day moving average is $26.26 and its two-hundred day moving average is $29.32.

Corporación Inmobiliaria Vesta Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, October 11th were given a dividend of $0.1843 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.74 dividend on an annualized basis and a yield of 3.03%. This is a boost from Corporación Inmobiliaria Vesta’s previous quarterly dividend of $0.15. Corporación Inmobiliaria Vesta’s dividend payout ratio is 3.39%.

Institutional Trading of Corporación Inmobiliaria Vesta

A number of institutional investors have recently bought and sold shares of VTMX. Lazard Asset Management LLC boosted its position in 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 acquiring an additional 326,679 shares during the last quarter. Marshall Wace LLP boosted its position in shares of 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 purchasing an additional 112,699 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Corporación Inmobiliaria Vesta by 54.3% during the 2nd 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. Institutional investors own 6.94% of the company’s stock.

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.