Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Receives $32.00 Average Price Target from Brokerages

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) has been given a consensus recommendation of “Hold” by the six brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $32.00.

A number of analysts have weighed in on VTMX shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Wednesday, October 8th. 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. Wall Street Zen raised Corporacion Inmobiliaria Vesta from a “sell” rating to a “hold” rating in a research report on Sunday, October 26th. Barclays upped their price target on Corporacion Inmobiliaria Vesta from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Finally, UBS Group lowered their price objective 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.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

A number of hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its position 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 valued at $1,017,000 after buying an additional 10,236 shares in the last quarter. Centersquare Investment Management LLC raised 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 valued at $10,357,000 after acquiring an additional 17,110 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of 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. Anson Funds Management LP acquired a new position in shares of Corporacion Inmobiliaria Vesta in the 1st quarter worth approximately $1,251,000. Finally, ABC Arbitrage SA bought a new stake in Corporacion Inmobiliaria Vesta during the 1st quarter worth approximately $1,291,000. 6.61% of the stock is owned by institutional investors and hedge funds.

Corporacion Inmobiliaria Vesta Stock Performance

NYSE:VTMX opened at $31.15 on Thursday. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average of $28.80 and a 200-day moving average of $28.10. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 1,557.50, a price-to-earnings-growth ratio of 5.06 and a beta of 0.71. Corporacion Inmobiliaria Vesta has a twelve month low of $21.30 and a twelve month high of $31.64.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.21). Corporacion Inmobiliaria Vesta had a return on equity of 0.19% and a net margin of 1.83%.The business had revenue of $72.43 million for the quarter, compared to analyst estimates of $1.30 billion. Corporacion Inmobiliaria Vesta has set its FY 2025 guidance at EPS. Analysts forecast that Corporacion Inmobiliaria Vesta will post 2.2 earnings per share for the current fiscal year.

Corporacion Inmobiliaria Vesta Increases Dividend

The firm also recently disclosed 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. This represents a dividend yield of 78.0%. The ex-dividend date of this dividend was Tuesday, October 14th. This is a positive change from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. Corporacion Inmobiliaria Vesta’s payout ratio is 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.