Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX – Get Free Report) has been given a consensus recommendation of “Hold” by the five ratings firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $42.00.
A number of brokerages have recently weighed in on VTMX. Barclays raised their price objective on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, May 4th. UBS Group upped their price target on Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Zacks Research cut Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Wall Street Zen cut shares of Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Friday, May 22nd.
Check Out Our Latest Report on Corporacion Inmobiliaria Vesta
Corporacion Inmobiliaria Vesta Price Performance
Corporacion Inmobiliaria Vesta (NYSE:VTMX – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $0.40 by $0.85. Corporacion Inmobiliaria Vesta had a return on equity of 12.23% and a net margin of 111.99%.The company had revenue of $76.75 million during the quarter, compared to analyst estimates of $73.32 million. Analysts expect that Corporacion Inmobiliaria Vesta will post 2.52 EPS for the current year.
Corporacion Inmobiliaria Vesta Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th will be 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 is Tuesday, July 14th. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is 4.91%.
Insiders Place Their Bets
In other Corporacion Inmobiliaria Vesta news, Director Corona Lorenzo Manuel Berho sold 1,000,000 shares of the firm’s stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Romero Alejandro Pucheu sold 120,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $3.44, for a total value of $412,800.00. Following the sale, the insider owned 462,287 shares in the company, valued at $1,590,267.28. The trade was a 20.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 2,384,697 shares of company stock worth $8,202,933.
Institutional Trading of Corporacion Inmobiliaria Vesta
A number of hedge funds have recently made changes to their positions in VTMX. BNP Paribas Financial Markets raised its holdings in 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 in the last quarter. ABC Arbitrage SA lifted its stake in Corporacion Inmobiliaria Vesta by 148.8% during the fourth quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock worth $4,401,000 after purchasing an additional 86,328 shares during the period. Finally, Lazard Asset Management LLC grew its holdings 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 worth $8,803,000 after purchasing an additional 19,967 shares during the last quarter. 6.61% of the stock is owned by hedge funds and other institutional investors.
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.
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