Corporacion Inmobiliaria Vesta (NYSE:VTMX) Sees Strong Trading Volume – Should You Buy?

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) shares saw unusually-high trading volume on Thursday . Approximately 404,063 shares changed hands during mid-day trading, an increase of 467% from the previous session’s volume of 71,287 shares.The stock last traded at $34.11 and had previously closed at $34.49.

Wall Street Analysts Forecast Growth

VTMX has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Zacks Research raised shares of Corporacion Inmobiliaria Vesta from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Weiss Ratings upgraded shares of Corporacion Inmobiliaria Vesta from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, February 24th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Corporacion Inmobiliaria Vesta has a consensus rating of “Hold” and an average target price of $40.00.

Corporacion Inmobiliaria Vesta Stock Up 0.1%

The firm has a 50 day simple moving average of $34.29 and a two-hundred day simple moving average of $32.60. The stock has a market cap of $2.92 billion, a P/E ratio of 8.92 and a beta of 0.67. The company has a debt-to-equity ratio of 0.41, a quick ratio of 5.66 and a current ratio of 5.66.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its earnings results on Thursday, April 23rd. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $0.40 by $0.85. The firm had revenue of $76.70 million for the quarter, compared to analysts’ expectations of $73.32 million. Corporacion Inmobiliaria Vesta had a return on equity of 12.23% and a net margin of 111.99%.

Corporacion Inmobiliaria Vesta Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, May 13th. Stockholders of record on Tuesday, May 5th were issued a $0.2181 dividend. This represents a dividend yield of 61.0%. This is a positive change from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. The ex-dividend date was Tuesday, May 5th. Corporacion Inmobiliaria Vesta’s payout ratio is currently 4.91%.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

Several hedge funds and other institutional investors have recently bought and sold shares of VTMX. Centersquare Investment Management LLC increased its stake in Corporacion Inmobiliaria Vesta by 4.9% in the 3rd quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock worth $10,357,000 after purchasing an additional 17,110 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Corporacion Inmobiliaria Vesta by 6.6% in the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock worth $8,803,000 after buying an additional 19,967 shares during the period. ABC Arbitrage SA increased its position in shares of Corporacion Inmobiliaria Vesta by 148.8% in the fourth quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock worth $4,401,000 after acquiring an additional 86,328 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Corporacion Inmobiliaria Vesta by 38.1% during the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock valued at $1,017,000 after acquiring an additional 10,236 shares during the period. 6.61% of the stock is currently owned by institutional investors.

Corporacion Inmobiliaria Vesta Company Profile

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.