Shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX – Get Free Report) have been given a consensus rating of “Hold” by the five analysts that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $42.00.
Several brokerages have recently weighed in on VTMX. 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Friday, May 22nd. Zacks Research downgraded shares of Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. UBS Group increased 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 report on Thursday, June 18th. Finally, Barclays lifted their price target on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th.
View Our Latest Research Report on VTMX
Insider Activity at Corporacion Inmobiliaria Vesta
Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta
A number of institutional investors and hedge funds have recently added to or reduced their stakes in VTMX. ABC Arbitrage SA boosted its holdings in Corporacion Inmobiliaria Vesta by 148.8% in the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock worth $4,401,000 after buying an additional 86,328 shares during the period. Lazard Asset Management LLC increased its stake in 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 buying an additional 19,967 shares in the last quarter. Finally, 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 acquiring an additional 10,236 shares during the period. Institutional investors own 6.61% of the company’s stock.
Corporacion Inmobiliaria Vesta Stock Down 0.1%
Corporacion Inmobiliaria Vesta stock opened at $34.21 on Tuesday. Corporacion Inmobiliaria Vesta has a one year low of $25.59 and a one year high of $37.41. The stock has a fifty day moving average of $34.14 and a 200 day moving average of $34.07. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.26 and a current ratio of 4.26. The stock has a market cap of $2.89 billion, a PE ratio of 7.44, a price-to-earnings-growth ratio of 3.64 and a beta of 0.64.
Corporacion Inmobiliaria Vesta (NYSE:VTMX – Get Free Report) last announced its earnings results on Wednesday, July 1st. The company reported $1.09 earnings per share (EPS) for the quarter. The business had revenue of $78.50 million for 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 predict that Corporacion Inmobiliaria Vesta will post 2.82 EPS for the current year.
Corporacion Inmobiliaria Vesta Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th were given a dividend of $0.1999 per share. The ex-dividend date was Tuesday, July 14th. This represents a $0.80 annualized dividend and a yield of 2.3%. Corporacion Inmobiliaria Vesta’s payout ratio is 14.78%.
About Corporacion Inmobiliaria Vesta
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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