Vesta (NYSE:VTMX) Surges in Trading Volume

August 23, 2024 07:01 PM PDT | By Team Kalkine Media

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Headlines

Vesta Sees Trading Volume Spike

Vesta’s Stock Volume Hits New High

Increased Trading Activity for Vesta

Corporación Inmobiliaria Vesta (NYSE:VTMX) recently released its quarterly earnings report on Thursday, July 25th. The company delivered a strong performance with earnings per share of $1.23, surpassing the consensus estimate of $0.50 by $0.73. Corporación Inmobiliaria Vesta also achieved a return on equity of 17.11% and a net margin of 179.79%. The company generated $63.02 million in revenue for the quarter.

Additionally, Corporación Inmobiliaria Vesta announced a quarterly dividend, which was distributed on Monday, July 15th. Shareholders of record on that date received a dividend of $0.1549 per share, amounting to an annualized dividend of $0.62 and yielding 2.13%. The ex-dividend date was Monday, July 15th. The company's current dividend payout ratio (DPR) stands at 11.95%.

Institutional investors have been active in adjusting their positions in Corporación Inmobiliaria Vesta. Rhumbline Advisers increased its holdings by 54.3% in the second quarter, now owning 3,610 shares valued at $108,000 after acquiring an additional 1,270 shares. M&T Bank Corp added a new position in the fourth quarter, with a holding valued at approximately $1,364,000.

Centersquare Investment Management LLC expanded its position by 19.0% in the first quarter, now owning 281,677 shares worth $11,053,000 after purchasing an additional 44,907 shares. Marshall Wace LLP significantly increased its stake by 358.1% in the second quarter, now holding 144,167 shares valued at $4,324,000 after adding 112,699 shares. Lastly, Lazard Asset Management LLC grew its stake by 3,292.8% in the first quarter, with ownership of 336,600 shares valued at $13,208,000 after acquiring an additional 326,679 shares. Currently, 6.94% of the stock is held by hedge funds and other institutional investors.

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