Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) have earned an average rating of “Hold” from the five analysts that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $42.00.

A number of research analysts recently weighed in on the company. Barclays boosted their target price on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Wall Street Zen cut shares of Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Zacks Research downgraded shares of Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Friday, May 22nd. Finally, UBS Group raised their target price on shares of Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th.

Insider Activity

In other news, insider Carranza Diego Berho sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $3.44, for a total value of $34,400.00. Following the transaction, the insider owned 1,835,194 shares of the company’s stock, valued at approximately $6,313,067.36. This represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Achutegui Juan Felipe Sottil sold 97,488 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $3.49, for a total value of $340,233.12. Following the transaction, the chief financial officer owned 1,254,120 shares in the company, valued at approximately $4,376,878.80. This trade represents a 7.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 2,384,697 shares of company stock valued at $8,202,933.

Institutional Trading of Corporacion Inmobiliaria Vesta

Institutional investors have recently added to or reduced their stakes in the company. ABC Arbitrage SA increased its position in Corporacion Inmobiliaria Vesta by 148.8% during the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock worth $4,401,000 after buying an additional 86,328 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Corporacion Inmobiliaria Vesta by 6.6% during the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock worth $8,803,000 after buying an additional 19,967 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of 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 period. 6.61% of the stock is currently owned by institutional investors.

Corporacion Inmobiliaria Vesta Trading Up 0.7%

Corporacion Inmobiliaria Vesta stock opened at $35.04 on Friday. The stock has a 50-day simple moving average of $34.30 and a 200 day simple moving average of $33.73. The stock has a market capitalization of $2.96 billion, a P/E ratio of 9.05, a PEG ratio of 3.15 and a beta of 0.64. The company has a debt-to-equity ratio of 0.41, a quick ratio of 5.66 and a current ratio of 5.66. Corporacion Inmobiliaria Vesta has a 52 week low of $25.28 and a 52 week high of $37.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.85. Corporacion Inmobiliaria Vesta had a return on equity of 12.23% and a net margin of 111.99%.The firm had revenue of $76.75 million for the quarter, compared to analyst estimates of $73.32 million. Analysts expect that Corporacion Inmobiliaria Vesta will post 2.52 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th will be issued a $0.1999 dividend. This represents a $0.80 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, July 14th. Corporacion Inmobiliaria Vesta’s dividend payout ratio is currently 17.57%.

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.