Corporacion Inmobiliaria Vesta (NYSE:VTMX) Reaches New 52-Week High – Time to Buy?

Shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $37.41 and last traded at $36.6580, with a volume of 168313 shares traded. The stock had previously closed at $36.82.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Barclays upped their price target on Corporacion Inmobiliaria Vesta from $38.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. UBS Group increased their target price on Corporacion Inmobiliaria Vesta from $35.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Zacks Research lowered shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 8th. Weiss Ratings raised shares of Corporacion Inmobiliaria Vesta from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, Scotiabank cut shares of Corporacion Inmobiliaria Vesta from a “sector outperform” rating to a “hold” rating in a report on Wednesday, December 10th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Corporacion Inmobiliaria Vesta currently has a consensus rating of “Hold” and a consensus price target of $33.33.

Corporacion Inmobiliaria Vesta Stock Down 0.4%

The company has a current ratio of 4.84, a quick ratio of 2.97 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $3.10 billion, a PE ratio of 13.14 and a beta of 0.70. The stock’s fifty day simple moving average is $32.22 and its 200-day simple moving average is $30.00.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its earnings results on Thursday, February 19th. The company reported $2.01 EPS for the quarter, beating the consensus estimate of $0.80 by $1.21. Corporacion Inmobiliaria Vesta had a net margin of 85.41% and a return on equity of 9.33%. The company had revenue of $76.40 million during the quarter, compared to the consensus estimate of $1.29 billion. As a group, sell-side analysts forecast 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 announced an annual dividend, which was paid on Tuesday, January 27th. Stockholders of record on Friday, January 16th were paid a $0.2041 dividend. This represents a dividend yield of 63.0%. The ex-dividend date was Friday, January 16th. This is a boost from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is presently 6.09%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its stake in Corporacion Inmobiliaria Vesta by 38.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock valued at $1,017,000 after purchasing an additional 10,236 shares during the period. ABC Arbitrage SA boosted its holdings in shares of Corporacion Inmobiliaria Vesta by 148.8% in 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 last quarter. Lazard Asset Management LLC grew its position in Corporacion Inmobiliaria Vesta by 6.6% during the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock valued at $8,803,000 after buying an additional 19,967 shares during the period. Finally, Centersquare Investment Management LLC increased its holdings in Corporacion Inmobiliaria Vesta by 4.9% during the third quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock worth $10,357,000 after buying an additional 17,110 shares during the last quarter. Hedge funds and other institutional investors own 6.61% of the company’s stock.

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.