Corporacion Inmobiliaria Vesta (NYSE:VTMX) Reaches New 52-Week High – Should You Buy?

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 trading hands. The stock had previously closed at $32.17.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on VTMX shares. Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a “sell” rating to a “hold” rating in a research note on Sunday, October 26th. Barclays boosted their price target on shares of Corporacion Inmobiliaria Vesta from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Scotiabank cut shares of Corporacion Inmobiliaria Vesta from a “sector outperform” rating to a “hold” rating in a research note on Wednesday, December 10th. UBS Group raised their target price on shares of Corporacion Inmobiliaria Vesta from $35.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Finally, Zacks Research cut Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong sell” rating in a report on Thursday, January 8th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $33.33.

Corporacion Inmobiliaria Vesta Price Performance

The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 1,650.25 and a beta of 0.70. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.50. The stock’s fifty day moving average price is $31.47 and its 200-day moving average price is $29.53.

Corporacion Inmobiliaria Vesta Increases Dividend

The firm also recently announced an annual dividend, which was paid on Tuesday, January 27th. Shareholders of record on Friday, January 16th were paid a dividend of $0.2041 per share. This represents a yield of 63.0%. This is a positive change from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. The ex-dividend date of this dividend was Friday, January 16th. Corporacion Inmobiliaria Vesta’s payout ratio is 850.00%.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

Hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets raised its holdings 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 buying an additional 10,236 shares during the period. ABC Arbitrage SA boosted its stake in Corporacion Inmobiliaria Vesta by 148.8% during 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 period. Lazard Asset Management LLC increased its position 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 valued at $8,803,000 after acquiring an additional 19,967 shares during the last quarter. Finally, Centersquare Investment Management LLC raised its stake in shares of Corporacion Inmobiliaria Vesta by 4.9% in 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 period. 6.61% of the stock is currently owned by hedge funds and other institutional investors.

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.