Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Receives $33.33 Average PT from Brokerages

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) has received a consensus recommendation of “Reduce” from the six research firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $33.3333.

Several analysts recently commented on VTMX shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Wednesday, January 21st. UBS Group upped their price target on Corporacion Inmobiliaria Vesta from $35.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Barclays raised their price objective on Corporacion Inmobiliaria Vesta from $38.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Scotiabank lowered Corporacion Inmobiliaria Vesta from a “sector outperform” rating to a “hold” rating in a research report on Wednesday, December 10th. Finally, Zacks Research downgraded Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong sell” rating in a report on Thursday, January 8th.

Corporacion Inmobiliaria Vesta Stock Performance

NYSE:VTMX opened at $33.16 on Tuesday. Corporacion Inmobiliaria Vesta has a twelve month low of $21.30 and a twelve month high of $33.69. 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 $31.51 and a 200-day moving average of $29.55. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 1,657.85 and a beta of 0.70.

Corporacion Inmobiliaria Vesta Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Tuesday, January 27th. Shareholders of record on Friday, January 16th were paid a dividend of $0.2041 per share. This is a boost from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. This represents a yield of 63.0%. The ex-dividend date of this dividend was Friday, January 16th. Corporacion Inmobiliaria Vesta’s payout ratio is currently 850.00%.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

A number of large investors have recently made changes to their positions in VTMX. ABC Arbitrage SA grew its position in Corporacion Inmobiliaria Vesta by 252.0% during the 2nd quarter. ABC Arbitrage SA now owns 199,263 shares of the company’s stock worth $5,458,000 after purchasing an additional 142,660 shares in the last quarter. Centersquare Investment Management LLC lifted its holdings 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 purchasing an additional 17,110 shares in the last quarter. Lazard Asset Management LLC boosted its position 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 worth $8,803,000 after buying an additional 19,967 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in shares of Corporacion Inmobiliaria Vesta by 38.1% during 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. Institutional investors and hedge funds own 6.61% of the company’s stock.

About Corporacion Inmobiliaria Vesta

Corporación Inmobiliaria Vesta, trading as VTMX on the New York Stock Exchange, is a Mexico-based real estate investment trust (REIT) specializing in the development, acquisition and management of industrial properties. The company’s portfolio primarily consists of warehouses, distribution centers and manufacturing facilities tailored to multinational corporations, logistics operators and other businesses seeking modern, well-connected industrial space in Mexico.

Vesta’s core business activities include the design and construction of build-to-suit projects, the leasing of speculative and multi-tenant properties, and sale-leaseback transactions that convert existing facilities into long-term lease arrangements.