Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR $VTMX Stock Position Increased by ABC Arbitrage SA

ABC Arbitrage SA boosted its position in shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) by 252.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 199,263 shares of the company’s stock after buying an additional 142,660 shares during the quarter. ABC Arbitrage SA’s holdings in Corporacion Inmobiliaria Vesta were worth $5,458,000 at the end of the most recent quarter.

Separately, Anson Funds Management LP acquired a new stake in Corporacion Inmobiliaria Vesta in the 1st quarter valued at about $1,251,000. 6.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Corporacion Inmobiliaria Vesta Price Performance

Shares of VTMX opened at $31.23 on Wednesday. The business’s 50-day moving average is $27.98 and its 200-day moving average is $27.82. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.97 and a quick ratio of 2.97. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 1,561.50, a P/E/G ratio of 5.08 and a beta of 0.71. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a fifty-two week low of $21.30 and a fifty-two week high of $31.64.

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

Corporacion Inmobiliaria Vesta Increases Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, October 22nd. Stockholders of record on Tuesday, October 14th were issued a dividend of $0.2025 per share. The ex-dividend date was Tuesday, October 14th. This represents a dividend yield of 78.0%. This is an increase from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. Corporacion Inmobiliaria Vesta’s dividend payout ratio is presently 850.00%.

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.