Corporación Inmobiliaria Vesta (NYSE:VTMX) Trading Down 4.1%

Shares of Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX - Get Free Report) dropped 4.1% on Thursday . The company traded as low as $36.81 and last traded at $36.86. Approximately 72,656 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 114,011 shares. The stock had previously closed at $38.42.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised their target price on Corporación Inmobiliaria Vesta from $38.00 to $42.00 and gave the company a "buy" rating in a research note on Friday, March 22nd.

Corporación Inmobiliaria Vesta Stock Down 3.6 %

The stock has a 50 day simple moving average of $37.42 and a 200-day simple moving average of $36.36. The firm has a market cap of $30.27 billion and a PE ratio of 8.30. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.84 and a quick ratio of 4.34.

Corporación Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.92. The business had revenue of $55.94 million during the quarter. Corporación Inmobiliaria Vesta had a return on equity of 16.91% and a net margin of 159.04%. Sell-side analysts predict that Corporación Inmobiliaria Vesta, S.A.B. de C.V. will post 1.9 EPS for the current fiscal year.

Corporación Inmobiliaria Vesta Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Monday, April 15th will be issued a dividend of $0.1832 per share. This is an increase from Corporación Inmobiliaria Vesta's previous quarterly dividend of $0.14. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Friday, April 12th. Corporación Inmobiliaria Vesta's dividend payout ratio is presently 3.14%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Marshall Wace LLP purchased a new stake in Corporación Inmobiliaria Vesta during the second quarter valued at $4,833,000. Lord Abbett & CO. LLC increased its position in Corporación Inmobiliaria Vesta by 114.0% in the third quarter. Lord Abbett & CO. LLC now owns 153,603 shares of the company's stock worth $5,049,000 after buying an additional 81,837 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Corporación Inmobiliaria Vesta in the third quarter worth about $357,000. Finally, M&T Bank Corp purchased a new stake in Corporación Inmobiliaria Vesta in the fourth quarter worth about $1,364,000. 6.94% of the stock is owned by institutional investors.

About Corporación Inmobiliaria Vesta

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.