Corporacion Inmobiliaria Vesta (NYSE:VTMX) Reaches New 12-Month High – Should You Buy?

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $32.68 and last traded at $32.5340, with a volume of 9309 shares trading hands. The stock had previously closed at $32.00.

Wall Street Analyst Weigh In

A number of research analysts have commented on VTMX shares. Zacks Research downgraded Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong sell” rating in a report on Thursday, January 8th. Barclays raised their price objective 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 boosted their target price on shares of Corporacion Inmobiliaria Vesta from $35.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. Weiss Ratings restated a “sell (d+)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Wednesday, January 21st. Finally, Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a “sell” rating to a “hold” rating in a research report on Sunday, October 26th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Corporacion Inmobiliaria Vesta presently has a consensus rating of “Reduce” and an average price target of $33.33.

Corporacion Inmobiliaria Vesta Trading Down 2.1%

The company has a market cap of $2.66 billion, a price-to-earnings ratio of 1,572.10, a price-to-earnings-growth ratio of 4.17 and a beta of 0.70. The business’s fifty day moving average price is $31.28 and its 200 day moving average price is $29.12. 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 Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, January 27th. Investors of record on Friday, January 16th were paid a $0.2041 dividend. This is an increase from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. This represents a dividend yield of 63.0%. The ex-dividend date of this dividend was Friday, January 16th. Corporacion Inmobiliaria Vesta’s payout ratio is presently 850.00%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VTMX. Centersquare Investment Management LLC lifted its position 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 worth $10,357,000 after purchasing an additional 17,110 shares during the period. Lazard Asset Management LLC raised its stake 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 worth $8,803,000 after buying an additional 19,967 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in 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 buying an additional 10,236 shares during the period. Finally, ABC Arbitrage SA boosted its position in Corporacion Inmobiliaria Vesta by 252.0% during the second quarter. ABC Arbitrage SA now owns 199,263 shares of the company’s stock valued at $5,458,000 after acquiring an additional 142,660 shares during the last quarter. 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.