Corporacion Inmobiliaria Vesta (NYSE:VTMX) Sets New 1-Year High – Here’s Why

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $31.64 and last traded at $31.23, with a volume of 66682 shares traded. The stock had previously closed at $31.30.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. UBS Group dropped their target price on Corporacion Inmobiliaria Vesta from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Monday, September 15th. Wall Street Zen raised Corporacion Inmobiliaria Vesta from a “sell” rating to a “hold” rating in a report on Sunday, October 26th. Barclays increased their price target on shares of Corporacion Inmobiliaria Vesta from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Corporacion Inmobiliaria Vesta from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $31.33.

Corporacion Inmobiliaria Vesta Price Performance

The company has a market cap of $2.64 billion, a PE ratio of 1,555.25, a PEG ratio of 5.08 and a beta of 0.71. The firm’s 50-day moving average is $27.98 and its 200-day moving average is $27.82. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.50.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its earnings results on Thursday, October 23rd. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.21). The firm had revenue of $66.00 million for the quarter, compared to analysts’ expectations of $1.30 billion. Corporacion Inmobiliaria Vesta had a return on equity of 0.19% and a net margin of 1.83%. Corporacion Inmobiliaria Vesta has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.2 EPS for the current year.

Corporacion Inmobiliaria Vesta Increases Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, October 22nd. Stockholders of record on Tuesday, October 14th were given a $0.2025 dividend. The ex-dividend date of this dividend was Tuesday, October 14th. This represents a dividend yield of 78.0%. This is a boost from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. Corporacion Inmobiliaria Vesta’s payout ratio is currently 850.00%.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

Hedge funds have recently bought and sold shares of the business. ABC Arbitrage SA purchased a new position in shares of Corporacion Inmobiliaria Vesta during the first quarter valued at approximately $1,291,000. Anson Funds Management LP bought a new position in Corporacion Inmobiliaria Vesta during the 1st quarter valued at approximately $1,251,000. Lazard Asset Management LLC raised its stake in Corporacion Inmobiliaria Vesta by 6.6% during the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock valued at $8,803,000 after buying an additional 19,967 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Corporacion Inmobiliaria Vesta by 38.1% in the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock worth $1,017,000 after acquiring an additional 10,236 shares in the last quarter. Finally, 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 during the last quarter. Institutional investors own 6.61% of the company’s stock.

About Corporacion Inmobiliaria Vesta

Corporación Inmobiliaria Vesta, SAB. de C.V., together with its subsidiaries, acquires, develops, manages, operates, and leases industrial buildings and distribution facilities in Mexico. The company was incorporated in 1998 and is headquartered in Mexico City, Mexico.