Corporacion Inmobiliaria Vesta (NYSE:VTMX) Sets New 1-Year High – Here’s What Happened

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) shares hit a new 52-week high during trading on Monday. The company traded as high as $37.56 and last traded at $37.4530, with a volume of 72,566 shares traded. The stock had previously closed at $36.34.

Analyst Upgrades and Downgrades

Several analysts recently commented on VTMX shares. Zacks Research lowered shares of Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings raised shares of Corporacion Inmobiliaria Vesta from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $42.00.

Corporacion Inmobiliaria Vesta Trading Down 2.5%

The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average of $34.18 and a two-hundred day moving average of $34.02. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 6.62, a P/E/G ratio of 3.75 and a beta of 0.66.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its earnings results on Thursday, October 22nd. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.72. Corporacion Inmobiliaria Vesta had a net margin of 156.69% and a return on equity of 16.24%. The company had revenue of $79.56 million for the quarter, compared to analyst estimates of $79.15 million. On average, research analysts expect that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.90 EPS for the current year.

Corporacion Inmobiliaria Vesta Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Stockholders of record on Wednesday, October 14th were paid a dividend of $0.1999 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, October 14th. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is 12.20%.

Insider Buying and Selling

In related news, 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 value of $117,381.42. Following the sale, the director owned 20,683,228 shares of the company’s stock, valued at approximately $72,598,130.28. This represents a 0.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Carranza Lorenzo Dominiq Berho sold 60,000 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $3.58, for a total value of $214,800.00. Following the sale, the chief executive officer owned 3,833,109 shares in the company, valued at approximately $13,722,530.22. This trade represents a 1.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 126,203 shares of company stock worth $445,801 in the last ninety days.

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.