Brokerages Set Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Target Price at $40.00

Shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) have earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $42.00.

VTMX has been the topic of a number of research reports. Zacks Research upgraded shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Weiss Ratings restated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Friday, May 22nd. Wall Street Zen cut Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a report on Saturday. Barclays boosted their target price on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, UBS Group increased their price target on Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday.

Corporacion Inmobiliaria Vesta Trading Down 0.2%

VTMX stock opened at $33.79 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.66 and a quick ratio of 5.66. Corporacion Inmobiliaria Vesta has a 1-year low of $24.99 and a 1-year high of $37.41. The business has a 50 day simple moving average of $34.92 and a two-hundred day simple moving average of $33.33. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 3.06 and a beta of 0.64.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.85. Corporacion Inmobiliaria Vesta had a net margin of 111.99% and a return on equity of 12.23%. The firm had revenue of $76.75 million for the quarter, compared to analysts’ expectations of $73.32 million. Research analysts anticipate that Corporacion Inmobiliaria Vesta will post 2.52 EPS for the current fiscal year.

Corporacion Inmobiliaria Vesta Increases Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, May 13th. Stockholders of record on Tuesday, May 5th were given a dividend of $0.2181 per share. The ex-dividend date was Tuesday, May 5th. This represents a dividend yield of 61.0%. This is an increase from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. Corporacion Inmobiliaria Vesta’s dividend payout ratio is currently 4.91%.

Insider Transactions at Corporacion Inmobiliaria Vesta

In related news, CFO Achutegui Juan Felipe Sottil sold 97,488 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $3.49, for a total value of $340,233.12. Following the sale, the chief financial officer owned 1,254,120 shares in the company, valued at approximately $4,376,878.80. The trade was a 7.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Romero Alejandro Pucheu sold 120,000 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $3.44, for a total transaction of $412,800.00. Following the transaction, the insider owned 462,287 shares of the company’s stock, valued at $1,590,267.28. This trade represents a 20.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 2,272,984 shares of company stock valued at $7,817,016 in the last 90 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VTMX. Centersquare Investment Management LLC grew its position in 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. ABC Arbitrage SA lifted its stake in shares of Corporacion Inmobiliaria Vesta by 148.8% in the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock valued at $4,401,000 after purchasing an additional 86,328 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Corporacion Inmobiliaria Vesta by 6.6% in the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock valued at $8,803,000 after purchasing an additional 19,967 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Corporacion Inmobiliaria Vesta by 38.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock worth $1,017,000 after purchasing an additional 10,236 shares during the period. Institutional investors own 6.61% of the company’s stock.

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.