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

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $40.00.

Several equities research analysts have commented on VTMX shares. Barclays upped their target price on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Zacks Research raised Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Wall Street Zen raised Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Friday, May 22nd.

Insider Transactions at Corporacion Inmobiliaria Vesta

In other news, insider Carranza Diego Berho sold 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $3.41, for a total value of $682,000.00. Following the completion of the transaction, the insider owned 1,585,194 shares in the company, valued at $5,405,511.54. This represents a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Corona Lorenzo Manuel Berho sold 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $3.41, for a total transaction of $3,410,000.00. Following the completion of the transaction, the director owned 21,374,883 shares of the company’s stock, valued at $72,888,351.03. This trade represents a 4.47% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,393,001 shares of company stock valued at $4,753,073.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its stake in shares of 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. Lazard Asset Management LLC raised its stake in shares of Corporacion Inmobiliaria Vesta by 6.6% in the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock valued at $8,803,000 after purchasing an additional 19,967 shares during the period. Centersquare Investment Management LLC raised its stake in shares of 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. Finally, ABC Arbitrage SA raised its stake 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 valued at $4,401,000 after purchasing an additional 86,328 shares during the period. Institutional investors and hedge funds own 6.61% of the company’s stock.

Corporacion Inmobiliaria Vesta Trading Up 0.8%

NYSE:VTMX opened at $34.91 on Thursday. Corporacion Inmobiliaria Vesta has a 1-year low of $24.99 and a 1-year high of $37.41. The business’s 50-day moving average price is $34.58 and its two-hundred day moving average price is $32.91. The company has a current ratio of 5.66, a quick ratio of 5.66 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 3.42 and a beta of 0.67.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its earnings results on Friday, April 24th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $0.40 by $0.85. Corporacion Inmobiliaria Vesta had a net margin of 111.99% and a return on equity of 12.23%. The firm had revenue of $76.75 million during the quarter, compared to the consensus estimate of $73.32 million. On average, equities analysts expect that Corporacion Inmobiliaria Vesta will post 2.3 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Increases Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, May 13th. Shareholders of record on Tuesday, May 5th were paid a $0.2181 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This is a positive change from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. This represents a yield of 61.0%. Corporacion Inmobiliaria Vesta’s payout ratio is presently 4.91%.

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.