Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Given Consensus Recommendation of “Hold” by 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 brokerages that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $42.00.

Several brokerages have recently commented on VTMX. Wall Street Zen lowered shares of Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Zacks Research lowered shares of Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Wednesday, August 19th. Finally, UBS Group increased their target price on shares of Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th.

Insider Activity at Corporacion Inmobiliaria Vesta

In other news, insider Colmenares Sergio Raul Martin sold 34,239 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $3.42, for a total transaction of $117,097.38. Following the transaction, the insider owned 1,800 shares of the company’s stock, valued at approximately $6,156. This represents a 95.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Castillo Cacho Guillermo Del sold 10,000 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $3.48, for a total value of $34,800.00. Following the transaction, the insider directly owned 5,000 shares in the company, valued at approximately $17,400. This represents a 66.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 326,582 shares of company stock worth $1,136,807 in the last 90 days.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its position in shares of Corporacion Inmobiliaria Vesta by 38.1% in the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock valued at $1,017,000 after purchasing an additional 10,236 shares during the period. ABC Arbitrage SA boosted its holdings in shares of Corporacion Inmobiliaria Vesta by 148.8% during the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock worth $4,401,000 after buying an additional 86,328 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in shares of Corporacion Inmobiliaria Vesta by 6.6% during the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock worth $8,803,000 after buying an additional 19,967 shares during the period. Institutional investors and hedge funds own 6.61% of the company’s stock.

Corporacion Inmobiliaria Vesta Trading Down 0.1%

Shares of NYSE VTMX opened at $34.74 on Friday. The business has a 50 day simple moving average of $34.37 and a 200 day simple moving average of $34.37. Corporacion Inmobiliaria Vesta has a 52 week low of $25.59 and a 52 week high of $37.41. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 7.56, a PEG ratio of 3.59 and a beta of 0.64. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.26 and a current ratio of 4.26.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $1.09 earnings per share for the quarter. The firm had revenue of $78.50 million for the quarter. Corporacion Inmobiliaria Vesta had a net margin of 132.22% and a return on equity of 14.20%. On average, research analysts predict that Corporacion Inmobiliaria Vesta will post 2.9 earnings per share for the current fiscal year.

Corporacion Inmobiliaria Vesta Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th were given a $0.1999 dividend. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.3%. Corporacion Inmobiliaria Vesta’s payout ratio is currently 14.78%.

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.