Centersquare Investment Management LLC Has $10.36 Million Stock Position in Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR $VTMX

Centersquare Investment Management LLC boosted its position in shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) by 4.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 366,102 shares of the company’s stock after purchasing an additional 17,110 shares during the quarter. Centersquare Investment Management LLC owned about 0.43% of Corporacion Inmobiliaria Vesta worth $10,357,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. ABC Arbitrage SA grew its position in shares of Corporacion Inmobiliaria Vesta by 252.0% during the 2nd quarter. ABC Arbitrage SA now owns 199,263 shares of the company’s stock worth $5,458,000 after buying an additional 142,660 shares during the period. BNP Paribas Financial Markets boosted its stake 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 acquiring an additional 10,236 shares during the last quarter. Finally, Lazard Asset Management LLC grew 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 worth $8,803,000 after acquiring an additional 19,967 shares during the period. Institutional investors own 6.61% of the company’s stock.

Corporacion Inmobiliaria Vesta Stock Performance

VTMX opened at $36.66 on Thursday. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 13.14 and a beta of 0.70. The business’s 50-day moving average price is $32.22 and its two-hundred day moving average price is $30.00. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 1 year low of $21.30 and a 1 year high of $37.41. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.84 and a quick ratio of 2.97.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings data on Thursday, February 19th. The company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $1.21. Corporacion Inmobiliaria Vesta had a return on equity of 9.33% and a net margin of 85.41%.The business had revenue of $76.40 million during the quarter, compared to the consensus estimate of $1.29 billion. Equities analysts expect that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.2 EPS for the current fiscal year.

Corporacion Inmobiliaria Vesta Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Tuesday, January 27th. Stockholders of record on Friday, January 16th were issued a $0.2041 dividend. 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 was Friday, January 16th. Corporacion Inmobiliaria Vesta’s dividend payout ratio is 6.09%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on VTMX. UBS Group increased their price target on Corporacion Inmobiliaria Vesta from $35.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. Barclays boosted their target price on Corporacion Inmobiliaria Vesta from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Wall Street Zen raised Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Scotiabank cut Corporacion Inmobiliaria Vesta from a “sector outperform” rating to a “hold” rating in a report on Wednesday, December 10th. Finally, Weiss Ratings raised Corporacion Inmobiliaria Vesta from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $33.33.

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.