Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Receives $42.00 Average PT from Brokerages

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) has been given an average recommendation of “Hold” by the five research firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $42.00.

Several brokerages recently issued reports on VTMX. Zacks Research cut Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings restated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Wednesday, August 19th. Barclays boosted their price objective on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Wall Street Zen cut Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, UBS Group boosted their price objective on Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, June 18th.

Corporacion Inmobiliaria Vesta Stock Up 1.6%

Shares of Corporacion Inmobiliaria Vesta stock opened at $34.48 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.26 and a quick ratio of 4.26. Corporacion Inmobiliaria Vesta has a 1-year low of $25.59 and a 1-year high of $37.41. The business has a 50-day moving average of $34.26 and a 200-day moving average of $34.34. The company has a market capitalization of $2.92 billion, a PE ratio of 7.50, a P/E/G ratio of 3.61 and a beta of 0.64.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $1.09 earnings per share for the quarter. Corporacion Inmobiliaria Vesta had a net margin of 132.22% and a return on equity of 14.20%. The company had revenue of $78.50 million during the quarter. As a group, equities analysts forecast that Corporacion Inmobiliaria Vesta will post 2.82 EPS for the current fiscal year.

Corporacion Inmobiliaria Vesta Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th were paid a $0.1999 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, July 14th. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is presently 14.78%.

Insider Activity at Corporacion Inmobiliaria Vesta

In other news, insider Colmenares Sergio Raul Martin sold 34,239 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $3.42, for a total transaction of $117,097.38. Following the completion of the transaction, the insider owned 1,800 shares of the company’s stock, valued at approximately $6,156. The trade was a 95.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Achutegui Juan Felipe Sottil sold 97,488 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $3.49, for a total transaction of $340,233.12. Following the transaction, the chief financial officer owned 1,254,120 shares of the company’s stock, valued at $4,376,878.80. This represents a 7.21% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 422,270 shares of company stock valued at $1,470,866.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its holdings in shares of Corporacion Inmobiliaria Vesta by 38.1% during the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock valued at $1,017,000 after buying an additional 10,236 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Corporacion Inmobiliaria Vesta by 6.6% in the 2nd 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, ABC Arbitrage SA increased its position in Corporacion Inmobiliaria Vesta by 148.8% in the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock valued at $4,401,000 after acquiring an additional 86,328 shares during the period. 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.