Analysts Set Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Price Target at $32.00

Shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $32.00.

A number of analysts have weighed in on VTMX shares. Wall Street Zen upgraded Corporacion Inmobiliaria Vesta from a “sell” rating to a “hold” rating in a research note on Sunday, October 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Wednesday, October 8th. Barclays boosted their price objective on shares of Corporacion Inmobiliaria Vesta from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. UBS Group reduced their target price on shares of Corporacion Inmobiliaria Vesta from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Monday, September 15th. Finally, Zacks Research upgraded Corporacion Inmobiliaria Vesta from a “strong sell” rating to a “hold” rating in a report on Thursday, August 14th.

Corporacion Inmobiliaria Vesta Stock Up 0.0%

Shares of NYSE VTMX opened at $31.12 on Thursday. Corporacion Inmobiliaria Vesta has a 1 year low of $21.30 and a 1 year high of $31.64. The firm has a 50-day simple moving average of $28.99 and a two-hundred day simple moving average of $28.16. The company has a market cap of $2.63 billion, a P/E ratio of 1,556.10, a PEG ratio of 5.05 and a beta of 0.69. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.97 and a quick ratio of 2.97.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its earnings results on Thursday, October 23rd. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.21). Corporacion Inmobiliaria Vesta had a net margin of 1.83% and a return on equity of 0.19%. The business had revenue of $72.43 million for the quarter, compared to the consensus estimate of $1.30 billion. Research analysts anticipate that Corporacion Inmobiliaria Vesta will post 2.2 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Increases Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, October 22nd. Stockholders of record on Tuesday, October 14th were given a dividend of $0.2025 per share. This represents a dividend yield of 78.0%. The ex-dividend date of this dividend was Tuesday, October 14th. This is a positive change from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. Corporacion Inmobiliaria Vesta’s dividend payout ratio is currently 850.00%.

Institutional Trading of Corporacion Inmobiliaria Vesta

A number of hedge funds have recently added to or reduced their stakes in VTMX. Centersquare Investment Management LLC increased its position 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 increased its holdings 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 valued at $8,803,000 after buying an additional 19,967 shares during the period. BNP Paribas Financial Markets increased 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 during the period. ABC Arbitrage SA raised its stake in Corporacion Inmobiliaria Vesta by 252.0% in the second quarter. ABC Arbitrage SA now owns 199,263 shares of the company’s stock worth $5,458,000 after buying an additional 142,660 shares in the last quarter. Finally, Anson Funds Management LP purchased a new stake in Corporacion Inmobiliaria Vesta during the first quarter worth $1,251,000. 6.61% of the stock is owned by hedge funds and other institutional investors.

Corporacion Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, SAB. de C.V., together with its subsidiaries, acquires, develops, manages, operates, and leases industrial buildings and distribution facilities in Mexico. The company was incorporated in 1998 and is headquartered in Mexico City, Mexico.