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

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) has been given a consensus rating of “Hold” by the five brokerages that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $42.00.

A number of brokerages have issued reports on VTMX. Weiss Ratings reiterated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Wednesday, August 19th. Zacks Research cut Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th.

Insider Buying and Selling at Corporacion Inmobiliaria Vesta

In other Corporacion Inmobiliaria Vesta news, CEO Carranza Lorenzo Dominiq Berho sold 60,000 shares of Corporacion Inmobiliaria Vesta stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $3.58, for a total value 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. The trade was a 1.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lorenzo Berho sold 33,442 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was 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 in the company, valued at approximately $72,598,130.28. This represents a 0.16% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 126,203 shares of company stock worth $445,801.

Corporacion Inmobiliaria Vesta Trading Up 1.9%

NYSE:VTMX opened at $36.68 on Friday. The firm has a market capitalization of $3.53 billion, a P/E ratio of 7.98, a PEG ratio of 3.72 and a beta of 0.66. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.26 and a quick ratio of 4.26. Corporacion Inmobiliaria Vesta has a one year low of $26.59 and a one year high of $37.41. The company’s 50-day simple moving average is $33.94 and its 200 day simple moving average is $34.35.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its earnings results on Wednesday, July 1st. The company reported $1.09 earnings per share for the quarter. The business had revenue of $78.50 million during the quarter. Corporacion Inmobiliaria Vesta had a net margin of 132.22% and a return on equity of 14.20%. As a group, analysts forecast that Corporacion Inmobiliaria Vesta will post 2.90 EPS for the current fiscal year.

Corporacion Inmobiliaria Vesta Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Wednesday, October 14th will be paid a dividend of $0.1999 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Wednesday, October 14th. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is currently 14.57%.

Corporacion Inmobiliaria Vesta Company Profile

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.