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

Shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) have received a consensus rating of “Hold” from the five research firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $42.00.

Several equities analysts recently commented on the stock. Wall Street Zen lowered shares of Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Zacks Research downgraded shares of Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. UBS Group upped their price target on shares of Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Wednesday, August 19th.

Corporacion Inmobiliaria Vesta Stock Performance

VTMX stock opened at $33.05 on Wednesday. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 7.19, a PEG ratio of 3.37 and a beta of 0.64. The firm has a 50-day simple moving average of $34.07 and a two-hundred day simple moving average of $34.21. Corporacion Inmobiliaria Vesta has a one year low of $25.59 and a one year high of $37.41. 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 announced its earnings results on Wednesday, July 1st. The company reported $1.09 earnings per share (EPS) for the quarter. Corporacion Inmobiliaria Vesta had a return on equity of 14.20% and a net margin of 132.22%.The company had revenue of $78.50 million for the quarter. On average, equities analysts forecast that Corporacion Inmobiliaria Vesta will post 2.9 EPS for the current fiscal year.

Corporacion Inmobiliaria Vesta Dividend Announcement

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

Insider Buying and Selling

In other Corporacion Inmobiliaria Vesta news, CEO Carranza Lorenzo Dominiq Berho sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were 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 trade represents a 1.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Castillo Cacho Guillermo Del sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $3.48, for a total transaction of $34,800.00. Following the transaction, the insider directly owned 5,000 shares of the company’s stock, valued at approximately $17,400. This trade represents a 66.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 173,549 shares of company stock worth $607,135.

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.