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

Shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $32.68 and last traded at $32.5340, with a volume of 9309 shares trading hands. The stock had previously closed at $32.00.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on VTMX. Wall Street Zen raised Corporacion Inmobiliaria Vesta from a “sell” rating to a “hold” rating in a research report on Sunday, October 26th. Weiss Ratings reissued a “sell (d+)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Wednesday, January 21st. Zacks Research downgraded shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 8th. Barclays increased their price target on Corporacion Inmobiliaria Vesta from $38.00 to $40.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Finally, UBS Group lifted their price objective on shares of Corporacion Inmobiliaria Vesta from $35.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Corporacion Inmobiliaria Vesta has an average rating of “Reduce” and an average target price of $33.33.

Corporacion Inmobiliaria Vesta Trading Up 1.1%

The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 1,618.00, a P/E/G ratio of 4.14 and a beta of 0.70. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.97 and a quick ratio of 2.97. The company’s fifty day moving average price is $31.19 and its 200-day moving average price is $29.04.

Corporacion Inmobiliaria Vesta Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, January 27th. Stockholders of record on Friday, January 16th will be issued a dividend of $0.2041 per share. This represents a dividend yield of 63.0%. This is a boost from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. The ex-dividend date of this dividend is Friday, January 16th. Corporacion Inmobiliaria Vesta’s dividend payout ratio is presently 850.00%.

Institutional Trading of Corporacion Inmobiliaria Vesta

Several large investors have recently made changes to their positions in VTMX. ABC Arbitrage SA lifted its position in Corporacion Inmobiliaria Vesta by 252.0% during the second quarter. ABC Arbitrage SA now owns 199,263 shares of the company’s stock valued at $5,458,000 after purchasing an additional 142,660 shares during the period. Centersquare Investment Management LLC lifted its holdings 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 buying an additional 17,110 shares during the period. Lazard Asset Management LLC boosted its stake 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 last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Corporacion Inmobiliaria Vesta by 38.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock worth $1,017,000 after purchasing an additional 10,236 shares during the period. 6.61% of the stock is 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.