Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Stock Has Consensus Price Target of $42.00 According to Brokerages

Shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) have been assigned a consensus rating of “Hold” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $42.00.

Several brokerages have recently issued reports on VTMX. Zacks Research cut 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 objective on Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Wall Street Zen lowered Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Wednesday, August 19th.

Corporacion Inmobiliaria Vesta Stock Up 0.2%

VTMX opened at $33.05 on Wednesday. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 7.19, a PEG ratio of 3.40 and a beta of 0.64. Corporacion Inmobiliaria Vesta has a fifty-two week low of $25.59 and a fifty-two week high of $37.41. The company has a fifty day moving average of $34.07 and a two-hundred day moving average of $34.22. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.26 and a current ratio of 4.26.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings data on Wednesday, July 1st. The company reported $1.09 EPS for the quarter. Corporacion Inmobiliaria Vesta had a return on equity of 14.20% and a net margin of 132.22%.The firm had revenue of $78.50 million during the quarter. On average, research analysts expect that Corporacion Inmobiliaria Vesta will post 2.9 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th were issued a dividend of $0.1999 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, July 14th. Corporacion Inmobiliaria Vesta’s payout ratio is 14.78%.

Insider Buying and Selling

In related news, insider Castillo Cacho Guillermo Del sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $3.48, for a total value of $34,800.00. Following the completion of the transaction, the insider directly owned 5,000 shares of the company’s stock, valued at $17,400. This represents a 66.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lorenzo Berho sold 33,442 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were 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. The trade was a 0.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 123,549 shares of company stock worth $436,135 over the last 90 days.

Corporacion Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, SAB. de C.V., commonly known as Vesta, is a Mexico-based industrial real estate company. It develops, owns, leases and operates industrial properties designed for manufacturing, logistics, distribution and other business uses.

Vesta’s portfolio includes industrial parks, build-to-suit facilities and properties in strategic locations serving domestic and international companies. Its developments are intended to support sectors such as automotive, aerospace, electronics, medical devices, logistics and consumer products.

Founded in 1998, Vesta serves industrial markets across Mexico, with properties positioned near major transportation networks, manufacturing centers and border regions.