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

Shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) have been assigned a consensus recommendation of “Hold” from the five analysts that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $42.00.

Separately, Weiss Ratings upgraded Corporacion Inmobiliaria Vesta from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, October 26th.

Insider Buying and Selling

In related news, insider Diego Berho Carranza sold 50,000 shares of the company’s stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $3.83, for a total transaction of $191,500.00. Following the sale, the insider owned 1,479,685 shares of the company’s stock, valued at $5,667,193.55. This represents a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Romero Pucheu sold 70,000 shares of the stock in a transaction on Thursday, November 12th. The shares were sold at an average price of $3.78, for a total transaction of $264,600.00. Following the transaction, the insider owned 112,287 shares of the company’s stock, valued at $424,444.86. This trade represents a 38.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,410,876 shares of company stock valued at $8,910,860 in the last three months.

Corporacion Inmobiliaria Vesta Stock Performance

Shares of VTMX traded down $0.57 during trading hours on Thursday, hitting $37.45. The stock had a trading volume of 121,796 shares, compared to its average volume of 157,283. The stock has a fifty day moving average price of $34.83 and a 200 day moving average price of $34.35. Corporacion Inmobiliaria Vesta has a 12 month low of $29.63 and a 12 month high of $38.59. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.46 and a quick ratio of 3.46. The firm has a market capitalization of $3.60 billion, a PE ratio of 6.82, a PEG ratio of 3.35 and a beta of 0.59.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $0.46 by $0.72. Corporacion Inmobiliaria Vesta had a return on equity of 16.24% and a net margin of 156.69%. The firm had revenue of $79.56 million for the quarter, compared to the consensus estimate of $79.15 million. Analysts anticipate that Corporacion Inmobiliaria Vesta will post 3.39 EPS for the current year.

Corporacion Inmobiliaria Vesta Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Wednesday, October 14th were paid a dividend of $0.1999 per share. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. Corporacion Inmobiliaria Vesta’s dividend payout ratio is presently 12.20%.

Corporacion Inmobiliaria Vesta News Roundup

Investors following VTMX have been watching these news items:

• Positive Sentiment: Brokerages’ consensus price target is $42, above the roughly $38 reference price cited in the reports, indicating potential upside. The overall analyst rating is Hold. Article: Vesta consensus target price
• Neutral Sentiment: Vesta’s Investor Day transcript provides company-strategy discussion, but the supplied coverage does not identify specific new targets or decisions likely to change the outlook. Article: Vesta Investor Day transcript
• Negative Sentiment: Several company insiders sold shares, including CFO Juan Felipe Sottil Achutegui, who sold 200,000 shares and reduced his position by 32.81%; Chairman Lorenzo Berho, who sold 128,959 shares; and insider Romero Pucheu, who sold 70,000 shares. Diego Berho Carranza also reported multiple sales. The volume of selling could weigh on sentiment, although insider sales do not necessarily signal a worsening business outlook. SEC filing: CFO sale SEC filing: chairman sale Article: Insider sales

About Corporacion Inmobiliaria Vesta

Corporación Inmobiliaria Vesta, S.A.B. de C.V., known as Vesta, is a Mexican real estate company that develops, owns and leases industrial properties. Its portfolio includes industrial parks, manufacturing facilities and logistics properties such as warehouses and distribution centers. The company serves businesses seeking space for manufacturing, storage and distribution, including through facilities developed to meet tenants’ specific requirements. Vesta operates in industrial markets across Mexico.