Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Receives $33.33 Consensus PT from Analysts

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) has been given a consensus rating of “Hold” by the six analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $33.3333.

VTMX has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a “sell” rating to a “hold” rating in a report on Sunday, October 26th. Scotiabank downgraded shares of Corporacion Inmobiliaria Vesta from a “sector outperform” rating to a “hold” rating in a research report on Wednesday, December 10th. UBS Group raised their price objective on shares of Corporacion Inmobiliaria Vesta from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Finally, Barclays upped their target price on shares of Corporacion Inmobiliaria Vesta from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, November 20th.

Corporacion Inmobiliaria Vesta Stock Performance

NYSE VTMX opened at $31.45 on Monday. The company has a fifty day moving average of $30.43 and a two-hundred day moving average of $28.40. The company has a market capitalization of $2.66 billion, a PE ratio of 1,572.25, a P/E/G ratio of 5.08 and a beta of 0.69. Corporacion Inmobiliaria Vesta has a 1 year low of $21.30 and a 1 year high of $32.21. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.97 and a quick ratio of 2.97.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its earnings results on Thursday, October 23rd. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.21). The firm had revenue of $72.43 million for the quarter, compared to analyst estimates of $1.30 billion. Corporacion Inmobiliaria Vesta had a return on equity of 0.19% and a net margin of 1.83%. As a group, analysts expect that Corporacion Inmobiliaria Vesta will post 2.2 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Tuesday, October 14th were given a dividend of $0.2025 per share. This represents a yield of 78.0%. The ex-dividend date of this dividend was Tuesday, October 14th. This is a positive change from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. Corporacion Inmobiliaria Vesta’s payout ratio is 850.00%.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its position 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 valued at $1,017,000 after buying an additional 10,236 shares during the last quarter. Anson Funds Management LP acquired a new stake in shares of Corporacion Inmobiliaria Vesta in the 1st quarter worth $1,251,000. ABC Arbitrage SA lifted its stake in shares of Corporacion Inmobiliaria Vesta by 252.0% in the 2nd quarter. ABC Arbitrage SA now owns 199,263 shares of the company’s stock worth $5,458,000 after acquiring an additional 142,660 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Corporacion Inmobiliaria Vesta by 6.6% in the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock valued at $8,803,000 after acquiring an additional 19,967 shares in the last quarter. Finally, Centersquare Investment Management LLC increased its stake in shares of Corporacion Inmobiliaria Vesta by 4.9% during the third quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock worth $10,357,000 after acquiring an additional 17,110 shares during the period. Hedge funds and other institutional investors own 6.61% of the company’s stock.

About Corporacion Inmobiliaria Vesta

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.