Shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX – Get Free Report) have earned an average rating of “Hold” from the five analysts that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $42.00.
Several research firms have commented on VTMX. Zacks Research downgraded shares of Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Wednesday, August 19th.
View Our Latest Research Report on Corporacion Inmobiliaria Vesta
Insider Activity
In other Corporacion Inmobiliaria Vesta news, Director Lorenzo Berho sold 33,442 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $3.51, for a total transaction of $117,381.42. Following the completion of the transaction, the director owned 20,683,228 shares of the company’s stock, valued at approximately $72,598,130.28. This trade represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Castillo Cacho Guillermo Del sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $3.48, for a total transaction of $34,800.00. Following the completion of the sale, the insider directly owned 5,000 shares in the company, valued at $17,400. This represents a 66.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 126,203 shares of company stock worth $445,801 in the last quarter.
Corporacion Inmobiliaria Vesta Price Performance
VTMX stock opened at $35.74 on Friday. The firm has a 50 day simple moving average of $34.01 and a two-hundred day simple moving average of $34.38. Corporacion Inmobiliaria Vesta has a one year low of $27.18 and a one year high of $37.41. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.26 and a quick ratio of 4.26. The stock has a market cap of $3.44 billion, a PE ratio of 7.77, a P/E/G ratio of 3.74 and a beta of 0.66.
Corporacion Inmobiliaria Vesta (NYSE:VTMX – Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.72. The firm had revenue of $79.60 million during the quarter, compared to analysts’ expectations of $79.15 million. Corporacion Inmobiliaria Vesta had a return on equity of 14.20% and a net margin of 132.22%. On average, analysts predict that Corporacion Inmobiliaria Vesta will post 2.90 EPS for the current fiscal year.
Corporacion Inmobiliaria Vesta Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Wednesday, October 14th were issued a $0.1999 dividend. The ex-dividend date was Wednesday, October 14th. This represents a $0.80 annualized dividend and a yield of 2.2%. Corporacion Inmobiliaria Vesta’s dividend payout ratio is 14.57%.
Corporacion Inmobiliaria Vesta Company Profile
Corporación Inmobiliaria Vesta, SAB. de C.V., commonly known as Vesta, is a Mexican industrial real estate company focused on the development, acquisition, ownership, leasing and management of industrial properties. Its portfolio is designed to support manufacturing, logistics, distribution and other business operations.
Vesta provides industrial buildings, build-to-suit facilities and logistics-oriented properties for domestic and international companies. The company’s properties are located in major industrial markets across Mexico, including regions serving automotive, aerospace, electronics, logistics and other manufacturing activities.
Vesta was established in Mexico in 1998 and has expanded its platform alongside the country’s manufacturing and nearshoring industries.
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