Barclays Cuts Corporación Inmobiliaria Vesta (NYSE:VTMX) Price Target to $35.00

Corporación Inmobiliaria Vesta (NYSE:VTMX) had its price target trimmed by Barclays from $38.00 to $35.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an overweight rating on the stock.

Separately, The Goldman Sachs Group reduced their price target on shares of Corporación Inmobiliaria Vesta from $42.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, October 7th.

Corporación Inmobiliaria Vesta Stock Performance

NYSE:VTMX opened at $24.10 on Wednesday. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 0.31. Corporación Inmobiliaria Vesta has a twelve month low of $23.32 and a twelve month high of $41.44. The stock has a market cap of $20.82 billion, a P/E ratio of 5.47 and a beta of 1.37. The firm’s fifty day simple moving average is $25.94 and its 200 day simple moving average is $28.99.

Corporación Inmobiliaria Vesta Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, October 11th were paid a dividend of $0.1843 per share. This is a positive change from Corporación Inmobiliaria Vesta’s previous quarterly dividend of $0.15. This represents a $0.74 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend was Friday, October 11th. Corporación Inmobiliaria Vesta’s dividend payout ratio (DPR) is currently 3.39%.

Institutional Investors Weigh In On Corporación Inmobiliaria Vesta

An institutional investor recently raised its position in Corporación Inmobiliaria Vesta stock. Rhumbline Advisers increased its holdings in Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) by 54.3% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor 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 reporting period. 6.94% of the stock is currently 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.