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

Shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) have earned a consensus rating of “Hold” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $42.00.

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

Insider Transactions at Corporacion Inmobiliaria Vesta

In other Corporacion Inmobiliaria Vesta news, CFO Achutegui Juan Felipe Sottil sold 97,488 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $3.49, for a total transaction of $340,233.12. Following the sale, the chief financial officer directly owned 1,254,120 shares in the company, valued at approximately $4,376,878.80. The trade was a 7.21% 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, Director Corona Lorenzo Manuel Berho sold 1,000,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $3.41, for a total value of $3,410,000.00. Following the completion of the sale, the director directly owned 21,374,883 shares in the company, valued at $72,888,351.03. This trade represents a 4.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,404,085 shares of company stock worth $8,268,847 over the last ninety days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its position 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 worth $1,017,000 after buying an additional 10,236 shares in the last quarter. ABC Arbitrage SA increased its holdings in Corporacion Inmobiliaria Vesta by 148.8% during 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 in the last quarter. Finally, Lazard Asset Management LLC raised 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 worth $8,803,000 after acquiring an additional 19,967 shares during the last quarter. Institutional investors and hedge funds own 6.61% of the company’s stock.

Corporacion Inmobiliaria Vesta Trading Up 0.3%

Shares of VTMX stock opened at $33.70 on Tuesday. The business’s fifty day moving average price is $34.16 and its 200 day moving average price is $34.04. The firm has a market capitalization of $2.85 billion, a PE ratio of 7.33, a P/E/G ratio of 3.57 and a beta of 0.64. 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.

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

Corporacion Inmobiliaria Vesta Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th were issued a $0.1999 dividend. The ex-dividend date was Tuesday, July 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.4%. Corporacion Inmobiliaria Vesta’s dividend payout ratio is currently 14.78%.

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.