Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Receives $39.50 Consensus Price Target from Analysts

Shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) have earned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $39.50.

Several research firms have recently commented on VTMX. Weiss Ratings upgraded Corporacion Inmobiliaria Vesta from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, February 24th. Zacks Research upgraded Corporacion Inmobiliaria Vesta from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Wall Street Zen raised Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. UBS Group raised their target price on Corporacion Inmobiliaria Vesta from $35.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Finally, Scotiabank lowered shares of Corporacion Inmobiliaria Vesta from a “sector outperform” rating to a “hold” rating in a research note on Wednesday, December 10th.

Corporacion Inmobiliaria Vesta Price Performance

Corporacion Inmobiliaria Vesta stock opened at $33.82 on Wednesday. The company’s 50 day simple moving average is $33.26 and its 200-day simple moving average is $30.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.84 and a current ratio of 4.84. Corporacion Inmobiliaria Vesta has a 1 year low of $21.30 and a 1 year high of $37.41. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 12.12, a price-to-earnings-growth ratio of 4.54 and a beta of 0.67.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its earnings results on Saturday, February 14th. The company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $0.80 by $1.21. The firm had revenue of $76.40 million during the quarter, compared to the consensus estimate of $1.29 billion. Corporacion Inmobiliaria Vesta had a net margin of 85.41% and a return on equity of 9.33%. As a group, equities research analysts expect that Corporacion Inmobiliaria Vesta will post 2.2 earnings per share for the current year.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

Several large investors have recently added to or reduced their stakes in VTMX. BNP Paribas Financial Markets lifted its holdings in Corporacion Inmobiliaria Vesta by 38.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock worth $1,017,000 after buying an additional 10,236 shares in the last quarter. Centersquare Investment Management LLC grew its stake in shares of Corporacion Inmobiliaria Vesta by 4.9% in 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 in the last quarter. Lazard Asset Management LLC grew its stake 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 worth $8,803,000 after acquiring an additional 19,967 shares in the last quarter. Finally, ABC Arbitrage SA increased its position in shares of Corporacion Inmobiliaria Vesta by 148.8% during the fourth quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock worth $4,401,000 after acquiring an additional 86,328 shares during the period. 6.61% of the stock is owned by hedge funds and other institutional investors.

Corporacion Inmobiliaria Vesta Company Profile

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.