Corporacion Inmobiliaria Vesta (NYSE:VTMX) Hits New 12-Month High – Time to Buy?

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX – Get Free Report) shares hit a new 52-week high during trading on Monday. The stock traded as high as $38.44 and last traded at $38.3120, with a volume of 12,965 shares changing hands. The stock had previously closed at $37.62.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Corporacion Inmobiliaria Vesta from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, October 26th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Corporacion Inmobiliaria Vesta has an average rating of “Hold” and an average price target of $42.00.

Check Out Our Latest Stock Analysis on VTMX

Corporacion Inmobiliaria Vesta Trading Up 1.8%

The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 6.98, a P/E/G ratio of 3.76 and a beta of 0.59. 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 company’s fifty day moving average price is $34.48 and its 200-day moving average price is $34.20.

Corporacion Inmobiliaria Vesta (NYSE:VTMX – Get Free Report) last released its earnings results on Thursday, October 22nd. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.72. The company had revenue of $79.56 million during the quarter, compared to analysts’ expectations of $79.15 million. Corporacion Inmobiliaria Vesta had a net margin of 156.69% and a return on equity of 16.24%. On average, research analysts expect that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 EPS for the current fiscal year.

Corporacion Inmobiliaria Vesta Dividend Announcement

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

Insider Activity at Corporacion Inmobiliaria Vesta

In other Corporacion Inmobiliaria Vesta news, CFO Juan Felipe Sottil Achutegui sold 330,714 shares of Corporacion Inmobiliaria Vesta stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $3.71, for a total transaction of $1,226,948.94. Following the completion of the sale, the chief financial officer owned 609,567 shares of the company’s stock, valued at approximately $2,261,493.57. The trade was a 35.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Diego Berho Carranza sold 23,911 shares of Corporacion Inmobiliaria Vesta stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $3.75, for a total value of $89,666.25. Following the sale, the insider directly owned 1,582,750 shares of the company’s stock, valued at approximately $5,935,312.50. This represents a 1.49% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,729,393 shares of company stock valued at $6,322,672.

Corporacion Inmobiliaria Vesta Company Profile

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