Corporación Inmobiliaria Vesta (NYSE:VTMX) Sees Strong Trading Volume – Here’s What Happened

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) saw unusually-high trading volume on Wednesday . Approximately 45,659 shares were traded during trading, a decline of 70% from the previous session’s volume of 151,927 shares.The stock last traded at $23.97 and had previously closed at $23.98.

Wall Street Analyst Weigh In

VTMX has been the topic of a number of analyst reports. The Goldman Sachs Group cut 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 report on Monday, October 7th. Barclays decreased their price target on Corporación Inmobiliaria Vesta from $38.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday.

Corporación Inmobiliaria Vesta Stock Down 2.3 %

The company has a debt-to-equity ratio of 0.31, a quick ratio of 4.59 and a current ratio of 4.59. The company has a market capitalization of $20.25 billion, a price-to-earnings ratio of 5.30 and a beta of 1.37. The business’s 50 day moving average is $26.03 and its 200 day moving average is $29.02.

Corporación Inmobiliaria Vesta Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, October 11th were given a $0.1843 dividend. This represents a $0.74 annualized dividend and a dividend yield of 3.15%. This is an increase from Corporación Inmobiliaria Vesta’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, October 11th. Corporación Inmobiliaria Vesta’s dividend payout ratio is presently 3.39%.

Institutional Investors Weigh In On Corporación Inmobiliaria Vesta

A hedge fund recently raised its stake in Corporación Inmobiliaria Vesta stock. Marshall Wace LLP raised its holdings in Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) by 358.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 144,167 shares of the company’s stock after purchasing an additional 112,699 shares during the quarter. Marshall Wace LLP’s holdings in Corporación Inmobiliaria Vesta were worth $4,324,000 at the end of the most recent reporting period. 6.94% of the stock is currently 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.