Corporación Inmobiliaria Vesta (NYSE:VTMX) Sees Large Volume Increase – Should You Buy?

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) shares saw an uptick in trading volume on Wednesday . 45,659 shares traded hands during mid-day 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 subject of a number of research analyst reports. The Goldman Sachs Group dropped their price target on shares of Corporación Inmobiliaria Vesta from $42.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, October 7th. Barclays dropped their target price on shares of Corporación Inmobiliaria Vesta from $38.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday.

Corporación Inmobiliaria Vesta Price Performance

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 stock has a market capitalization of $20.33 billion, a P/E ratio of 5.43 and a beta of 1.37. The stock has a 50-day simple moving average of $26.12 and a 200 day simple moving average of $29.06.

Corporación Inmobiliaria Vesta Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, October 11th were given a $0.1843 dividend. This is an increase from Corporación Inmobiliaria Vesta’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.74 annualized dividend and a dividend yield of 3.13%. 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. Rhumbline Advisers increased its stake in Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) by 54.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 3,610 shares of the company’s stock after buying an additional 1,270 shares during the quarter. Rhumbline Advisers’ holdings in Corporación Inmobiliaria Vesta were worth $108,000 at the end of the most recent quarter. 6.94% of the stock is owned by institutional investors and hedge funds.

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.