ABC Arbitrage SA Decreases Stake in Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR $VTMX

ABC Arbitrage SA trimmed its holdings in shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) by 70.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 58,030 shares of the company’s stock after selling 141,233 shares during the quarter. ABC Arbitrage SA owned 0.07% of Corporacion Inmobiliaria Vesta worth $1,642,000 as of its most recent filing with the SEC.

Separately, Lazard Asset Management LLC grew its stake 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 purchasing an additional 19,967 shares in the last quarter. 6.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VTMX. UBS Group upped their target price on Corporacion Inmobiliaria Vesta from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, December 17th. Barclays upped their price target on shares of Corporacion Inmobiliaria Vesta from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Wednesday, January 21st. Scotiabank lowered shares of Corporacion Inmobiliaria Vesta from a “sector outperform” rating to a “hold” rating in a research note on Wednesday, December 10th. Finally, Wall Street Zen upgraded Corporacion Inmobiliaria Vesta from a “sell” rating to a “hold” rating in a research note on Sunday, October 26th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $33.33.

Corporacion Inmobiliaria Vesta Stock Down 0.6%

NYSE:VTMX opened at $33.18 on Wednesday. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.50. The stock has a 50 day moving average of $31.43 and a 200-day moving average of $29.51. The firm has a market capitalization of $2.81 billion, a PE ratio of 1,658.90 and a beta of 0.70. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 52 week low of $21.30 and a 52 week high of $33.58.

Corporacion Inmobiliaria Vesta Increases Dividend

The business also recently announced an annual dividend, which was paid on Tuesday, January 27th. Shareholders of record on Friday, January 16th were paid a $0.2041 dividend. The ex-dividend date was Friday, January 16th. This is a positive change from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. This represents a yield of 63.0%. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is 850.00%.

Corporacion Inmobiliaria Vesta 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.