ABC Arbitrage SA Buys 86,328 Shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR $VTMX

ABC Arbitrage SA lifted its stake in Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) by 148.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 144,358 shares of the company’s stock after buying an additional 86,328 shares during the period. ABC Arbitrage SA’s holdings in Corporacion Inmobiliaria Vesta were worth $4,401,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Lazard Asset Management LLC boosted its holdings in Corporacion Inmobiliaria Vesta by 6.6% during the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock valued at $8,803,000 after acquiring an additional 19,967 shares during the period. 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 during the period. Finally, BNP Paribas Financial Markets lifted its position in Corporacion Inmobiliaria Vesta by 38.1% in the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock valued at $1,017,000 after purchasing an additional 10,236 shares during the last quarter. Institutional investors own 6.61% of the company’s stock.

Corporacion Inmobiliaria Vesta Stock Performance

Shares of Corporacion Inmobiliaria Vesta stock opened at $35.81 on Tuesday. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 12 month low of $24.99 and a 12 month high of $37.41. The firm has a market capitalization of $3.03 billion, a P/E ratio of 9.25 and a beta of 0.67. The company has a current ratio of 5.66, a quick ratio of 5.66 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $34.33 and a two-hundred day simple moving average of $32.50.

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

Corporacion Inmobiliaria Vesta Increases Dividend

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

Wall Street Analyst Weigh In

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

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.