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

Shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) have been given an average recommendation of “Hold” by the five research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $42.00.

VTMX has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Wednesday, August 19th. Zacks Research lowered shares of Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th.

Insider Activity at Corporacion Inmobiliaria Vesta

In other Corporacion Inmobiliaria Vesta news, CEO Carranza Lorenzo Dominiq Berho sold 60,000 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $3.58, for a total transaction of $214,800.00. Following the completion of the transaction, the chief executive officer directly owned 3,833,109 shares of the company’s stock, valued at approximately $13,722,530.22. This represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lorenzo Berho sold 33,442 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $3.51, for a total value of $117,381.42. Following the transaction, the director directly owned 20,683,228 shares of the company’s stock, valued at approximately $72,598,130.28. This trade represents a 0.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 126,203 shares of company stock worth $445,801.

Corporacion Inmobiliaria Vesta Price Performance

VTMX opened at $36.34 on Friday. The firm has a market cap of $3.50 billion, a P/E ratio of 6.62, a PEG ratio of 3.75 and a beta of 0.66. The firm has a 50-day moving average of $34.06 and a 200 day moving average of $34.40. 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 has a fifty-two week low of $27.18 and a fifty-two week high of $37.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.72. The business had revenue of $79.56 million during the quarter, compared to the consensus estimate of $79.15 million. Corporacion Inmobiliaria Vesta had a net margin of 156.69% and a return on equity of 16.72%. On average, research analysts expect that Corporacion Inmobiliaria Vesta will post 2.90 EPS for the current year.

Corporacion Inmobiliaria Vesta Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Wednesday, October 14th were paid a $0.1999 dividend. The ex-dividend date was Wednesday, October 14th. This represents a $0.80 annualized dividend and a yield of 2.2%. Corporacion Inmobiliaria Vesta’s dividend payout ratio is presently 12.20%.

About Corporacion Inmobiliaria Vesta

Corporación Inmobiliaria Vesta, SAB. de C.V., commonly known as Vesta, is a Mexican industrial real estate company focused on the development, acquisition, ownership, leasing and management of industrial properties. Its portfolio is designed to support manufacturing, logistics, distribution and other business operations.

Vesta provides industrial buildings, build-to-suit facilities and logistics-oriented properties for domestic and international companies. The company’s properties are located in major industrial markets across Mexico, including regions serving automotive, aerospace, electronics, logistics and other manufacturing activities.

Vesta was established in Mexico in 1998 and has expanded its platform alongside the country’s manufacturing and nearshoring industries.