Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $42.00.
A number of equities analysts have recently commented on the stock. Barclays raised 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. UBS Group lifted their price target on shares of Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Friday, May 22nd. Wall Street Zen downgraded shares of Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Zacks Research raised shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th.
View Our Latest Research Report on Corporacion Inmobiliaria Vesta
Corporacion Inmobiliaria Vesta Stock Down 0.2%
Corporacion Inmobiliaria Vesta (NYSE:VTMX – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $76.75 million for the quarter, compared to analyst estimates of $73.32 million. Analysts forecast that Corporacion Inmobiliaria Vesta will post 2.52 earnings per share for the current year.
Corporacion Inmobiliaria Vesta Increases Dividend
The business also recently announced an annual dividend, which was paid on Wednesday, May 13th. Stockholders of record on Tuesday, May 5th were given a $0.2181 dividend. This represents a dividend yield of 61.0%. The ex-dividend date of this dividend was Tuesday, May 5th. This is an increase from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. Corporacion Inmobiliaria Vesta’s payout ratio is presently 4.91%.
Insider Buying and Selling
In other news, CFO Achutegui Juan Felipe Sottil sold 97,488 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $3.49, for a total value of $340,233.12. Following the completion of the sale, the chief financial officer owned 1,254,120 shares of the company’s stock, valued at approximately $4,376,878.80. The trade was a 7.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Colmenares Sergio Raul Martin sold 34,239 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $3.42, for a total transaction of $117,097.38. Following the completion of the sale, the insider directly owned 1,800 shares of the company’s stock, valued at $6,156. The trade was a 95.01% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 2,272,984 shares of company stock worth $7,817,016.
Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta
Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its stake in Corporacion Inmobiliaria Vesta by 38.1% during 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. Centersquare Investment Management LLC boosted its stake in Corporacion Inmobiliaria Vesta by 4.9% during 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. Lazard Asset Management LLC boosted its stake in Corporacion Inmobiliaria Vesta by 6.6% during 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. Finally, ABC Arbitrage SA boosted its stake 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 purchasing an additional 86,328 shares during the period. 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.
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