M&T Bank Corp Invests $1.36 Million in Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX)

M&T Bank Corp purchased a new position in Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 34,427 shares of the company's stock, valued at approximately $1,364,000.

Separately, Lord Abbett & CO. LLC grew its holdings in Corporación Inmobiliaria Vesta by 114.0% during the third quarter. Lord Abbett & CO. LLC now owns 153,603 shares of the company's stock worth $5,049,000 after acquiring an additional 81,837 shares during the period. 6.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Corporación Inmobiliaria Vesta Price Performance

VTMX traded down $0.07 during trading on Friday, hitting $36.61. The company's stock had a trading volume of 23,580 shares, compared to its average volume of 80,533. The firm has a market capitalization of $29.93 billion and a price-to-earnings ratio of 7.29. Corporación Inmobiliaria Vesta, S.A.B. de C.V. has a twelve month low of $28.96 and a twelve month high of $41.44. The business's fifty day simple moving average is $37.23 and its 200 day simple moving average is $36.92. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.33.

Corporación Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $55.94 million for the quarter. Corporación Inmobiliaria Vesta had a net margin of 182.61% and a return on equity of 18.25%. On average, equities research analysts forecast that Corporación Inmobiliaria Vesta, S.A.B. de C.V. will post 3 EPS for the current fiscal year.

Corporación Inmobiliaria Vesta Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Monday, April 15th were given a dividend of $0.1832 per share. This represents a $0.73 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Friday, April 12th. This is an increase from Corporación Inmobiliaria Vesta's previous quarterly dividend of $0.14. Corporación Inmobiliaria Vesta's dividend payout ratio is 2.99%.

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.