Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Given Average Recommendation of “Moderate Buy” by Brokerages

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) has earned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat reports. Two 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 brokers that have covered the stock in the last year is $40.00.

Several equities research analysts recently weighed in on the company. Wall Street Zen upgraded Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a research report on Sunday, May 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Friday, May 22nd. Barclays boosted their target price on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Zacks Research raised shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th.

Insider Transactions at Corporacion Inmobiliaria Vesta

In related news, insider Carranza Diego Berho sold 10,000 shares of Corporacion Inmobiliaria Vesta stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $3.44, for a total value of $34,400.00. Following the completion of the sale, the insider directly owned 1,835,194 shares in the company, valued at approximately $6,313,067.36. This trade represents a 0.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mayorga Luis Felipe Cepeda sold 8,366 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $3.44, for a total transaction of $28,779.04. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 2,222,984 shares of company stock valued at $7,643,098.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

Several institutional investors have recently made changes to their positions in VTMX. Centersquare Investment Management LLC boosted its holdings in shares of Corporacion Inmobiliaria Vesta by 4.9% in the third quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock worth $10,357,000 after buying an additional 17,110 shares during the last quarter. Lazard Asset Management LLC raised its position in Corporacion Inmobiliaria Vesta by 6.6% in the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock worth $8,803,000 after acquiring an additional 19,967 shares during the period. ABC Arbitrage SA raised its position in Corporacion Inmobiliaria Vesta by 148.8% in the fourth quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock worth $4,401,000 after acquiring an additional 86,328 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in Corporacion Inmobiliaria Vesta by 38.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock worth $1,017,000 after purchasing an additional 10,236 shares during the period. Institutional investors own 6.61% of the company’s stock.

Corporacion Inmobiliaria Vesta Stock Performance

Shares of VTMX stock opened at $34.26 on Monday. The stock has a fifty day moving average of $34.93 and a 200 day moving average of $33.22. Corporacion Inmobiliaria Vesta has a 52 week low of $24.99 and a 52 week high of $37.41. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 8.85, a PEG ratio of 3.10 and a beta of 0.64. The company has a quick ratio of 5.66, a current ratio of 5.66 and a debt-to-equity ratio of 0.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings results on Friday, April 24th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.85. Corporacion Inmobiliaria Vesta had a return on equity of 12.23% and a net margin of 111.99%.The company had revenue of $76.75 million during the quarter, compared to analyst estimates of $73.32 million. As a group, research analysts expect that Corporacion Inmobiliaria Vesta will post 2.52 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Increases Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, May 13th. Stockholders of record on Tuesday, May 5th were given a $0.2181 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a dividend yield of 61.0%. 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%.

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.