Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Stock Has Consensus Price Target of $42.00 According to Brokerages

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) has been assigned an average rating of “Hold” from the five ratings firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $42.00.

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

Corporacion Inmobiliaria Vesta Stock Performance

Shares of NYSE:VTMX opened at $32.41 on Wednesday. The company has a market cap of $2.74 billion, a P/E ratio of 7.05, a PEG ratio of 3.38 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 has a one year low of $25.59 and a one year high of $37.41. The business’s 50-day simple moving average is $34.02 and its 200 day simple moving average is $34.21.

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

Insider Buying and Selling at Corporacion Inmobiliaria Vesta

In other news, insider Castillo Cacho Guillermo Del sold 10,000 shares of Corporacion Inmobiliaria Vesta stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $3.48, for a total transaction of $34,800.00. Following the sale, the insider directly owned 5,000 shares of the company’s stock, valued at approximately $17,400. The trade was a 66.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lorenzo Berho sold 33,442 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $3.51, for a total value of $117,381.42. Following the completion of the transaction, the director owned 20,683,228 shares in the company, valued at approximately $72,598,130.28. This trade represents a 0.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 120,049 shares of company stock valued at $424,200 in the last ninety days.

Corporacion Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, SAB. de C.V., commonly known as Vesta, is a Mexico-based industrial real estate company. It develops, owns, leases and operates industrial properties designed for manufacturing, logistics, distribution and other business uses.

Vesta’s portfolio includes industrial parks, build-to-suit facilities and properties in strategic locations serving domestic and international companies. Its developments are intended to support sectors such as automotive, aerospace, electronics, medical devices, logistics and consumer products.

Founded in 1998, Vesta serves industrial markets across Mexico, with properties positioned near major transportation networks, manufacturing centers and border regions.