Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Receives Consensus Rating of “Hold” from Brokerages

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) has been given a consensus rating of “Hold” by the five research firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $42.00.

A number of research firms recently commented on VTMX. Weiss Ratings reiterated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Friday, May 22nd. Wall Street Zen downgraded Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Barclays lifted their target price on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. UBS Group boosted their price target on Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Finally, Zacks Research lowered Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research report on Monday.

Insider Activity at Corporacion Inmobiliaria Vesta

In other news, CFO Achutegui Juan Felipe Sottil sold 97,488 shares of Corporacion Inmobiliaria Vesta 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 transaction, the chief financial officer directly 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 filing with the SEC, which is accessible through this hyperlink. Also, CEO Carranza Lorenzo Dominiq Berho sold 50,000 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $3.42, for a total transaction of $171,000.00. Following the sale, the chief executive officer directly owned 3,943,199 shares of the company’s stock, valued at approximately $13,485,740.58. This represents a 1.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,384,697 shares of company stock valued at $8,202,933 in the last ninety days.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets grew its holdings in shares of 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 purchasing an additional 10,236 shares during the last quarter. Lazard Asset Management LLC lifted 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. Finally, ABC Arbitrage SA lifted its holdings in shares of 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 purchasing an additional 86,328 shares during the last quarter. 6.61% of the stock is currently owned by institutional investors and hedge funds.

Corporacion Inmobiliaria Vesta Price Performance

Shares of VTMX stock opened at $33.73 on Friday. The firm has a fifty day moving average of $34.43 and a two-hundred day moving average of $33.62. The firm has a market cap of $2.85 billion, a P/E ratio of 8.72, a P/E/G ratio of 3.11 and a beta of 0.64. Corporacion Inmobiliaria Vesta has a 1-year low of $24.99 and a 1-year high of $37.41. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.66 and a quick ratio of 5.66.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its earnings results on Wednesday, April 22nd. The company reported $1.25 earnings per share (EPS) 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 business had revenue of $76.75 million for the quarter, compared to analyst estimates of $73.32 million. As a group, research analysts anticipate that Corporacion Inmobiliaria Vesta will post 2.52 earnings per share for the current fiscal year.

Corporacion Inmobiliaria Vesta Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th will be paid a dividend of $0.1999 per share. The ex-dividend date is Tuesday, July 14th. This represents a $0.80 annualized dividend and a yield of 2.4%. Corporacion Inmobiliaria Vesta’s payout ratio is presently 4.91%.

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.