Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Receives $31.67 Consensus PT from Analysts

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) has received an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $31.3333.

A number of research firms have weighed in on VTMX. Wall Street Zen upgraded Corporacion Inmobiliaria Vesta from a “sell” rating to a “hold” rating in a research note on Sunday. Zacks Research upgraded Corporacion Inmobiliaria Vesta from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 14th. UBS Group cut their price target on Corporacion Inmobiliaria Vesta from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Monday. Finally, Barclays boosted their price objective on Corporacion Inmobiliaria Vesta from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new stake in Corporacion Inmobiliaria Vesta during the 4th quarter worth approximately $490,000. Anson Funds Management LP purchased a new stake in shares of Corporacion Inmobiliaria Vesta in the first quarter valued at approximately $1,251,000. ABC Arbitrage SA purchased a new stake in shares of Corporacion Inmobiliaria Vesta in the first quarter valued at approximately $1,291,000. Finally, Lazard Asset Management LLC lifted its holdings in Corporacion Inmobiliaria Vesta by 6.6% in the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock valued at $8,803,000 after acquiring an additional 19,967 shares during the last quarter. 6.61% of the stock is currently owned by hedge funds and other institutional investors.

Corporacion Inmobiliaria Vesta Stock Performance

Shares of VTMX opened at $27.20 on Friday. The stock has a 50-day moving average of $27.46 and a two-hundred day moving average of $26.55. The stock has a market cap of $23.50 billion, a P/E ratio of 143.16, a P/E/G ratio of 4.54 and a beta of 0.69. Corporacion Inmobiliaria Vesta has a one year low of $21.30 and a one year high of $30.07. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.82 and a current ratio of 1.82.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.18). The company had revenue of $62.20 million for the quarter, compared to analysts’ expectations of $1.43 billion. Corporacion Inmobiliaria Vesta had a net margin of 12.15% and a return on equity of 1.24%. Corporacion Inmobiliaria Vesta has set its FY 2025 guidance at EPS. As a group, research analysts predict that Corporacion Inmobiliaria Vesta will post 2.2 EPS for the current year.

Corporacion Inmobiliaria Vesta Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Monday, July 14th were paid a dividend of $0.2009 per share. This represents a yield of 80.0%. The ex-dividend date was Monday, July 14th. Corporacion Inmobiliaria Vesta’s payout ratio is 89.47%.

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.