Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Receives $33.33 Average Price Target from Analysts

Shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) have earned a consensus recommendation of “Hold” from the six analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $33.3333.

Several equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Corporacion Inmobiliaria Vesta from a “sell” rating to a “hold” rating in a report on Sunday, October 26th. Scotiabank lowered Corporacion Inmobiliaria Vesta from a “sector outperform” rating to a “hold” rating in a research note on Wednesday, December 10th. UBS Group boosted their target price on Corporacion Inmobiliaria Vesta from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Barclays upped their price target 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. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Wednesday, October 8th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Anson Funds Management LP acquired a new position in shares of Corporacion Inmobiliaria Vesta in the first quarter valued at about $1,251,000. ABC Arbitrage SA raised its stake in Corporacion Inmobiliaria Vesta by 252.0% in the 2nd quarter. ABC Arbitrage SA now owns 199,263 shares of the company’s stock worth $5,458,000 after purchasing an additional 142,660 shares in the last quarter. Centersquare Investment Management LLC boosted its holdings 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 valued at $10,357,000 after purchasing an additional 17,110 shares during the period. BNP Paribas Financial Markets grew its position in shares of Corporacion Inmobiliaria Vesta by 38.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock worth $1,017,000 after purchasing an additional 10,236 shares in the last quarter. Finally, Lazard Asset Management LLC grew its position in shares of 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 purchasing an additional 19,967 shares in the last quarter. 6.61% of the stock is owned by institutional investors and hedge funds.

Corporacion Inmobiliaria Vesta Stock Performance

Shares of VTMX opened at $31.31 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.97 and a quick ratio of 2.97. Corporacion Inmobiliaria Vesta has a one year low of $21.30 and a one year high of $32.21. The company’s fifty day moving average price is $30.23 and its 200 day moving average price is $28.36. The company has a market capitalization of $2.65 billion, a PE ratio of 1,565.50, a price-to-earnings-growth ratio of 5.06 and a beta of 0.69.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.21). Corporacion Inmobiliaria Vesta had a return on equity of 0.19% and a net margin of 1.83%.The company had revenue of $72.43 million for the quarter, compared to the consensus estimate of $1.30 billion. As a group, analysts expect that Corporacion Inmobiliaria Vesta will post 2.2 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Increases Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, October 22nd. Stockholders of record on Tuesday, October 14th were issued a $0.2025 dividend. This represents a dividend yield of 78.0%. This is a boost from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. The ex-dividend date was Tuesday, October 14th. Corporacion Inmobiliaria Vesta’s dividend payout ratio is currently 850.00%.

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.