Analysts Set Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Target Price at $33.33

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

A number of research analysts recently issued reports on VTMX shares. Scotiabank lowered shares of Corporacion Inmobiliaria Vesta from a “sector outperform” rating to a “hold” rating in a research note on Wednesday, December 10th. Weiss Ratings upgraded shares of Corporacion Inmobiliaria Vesta from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, February 24th. UBS Group raised their price target on Corporacion Inmobiliaria Vesta from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, December 17th. Zacks Research downgraded Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 8th. Finally, Barclays raised their target price on Corporacion Inmobiliaria Vesta from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, November 20th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VTMX. BNP Paribas Financial Markets raised its position 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 during the last quarter. ABC Arbitrage SA grew its position in Corporacion Inmobiliaria Vesta by 148.8% during the fourth quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock worth $4,401,000 after buying an additional 86,328 shares in the last quarter. Lazard Asset Management LLC increased its stake in Corporacion Inmobiliaria Vesta by 6.6% during 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 period. Finally, Centersquare Investment Management LLC increased its stake in Corporacion Inmobiliaria Vesta by 4.9% during 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 period. Institutional investors own 6.61% of the company’s stock.

Corporacion Inmobiliaria Vesta Trading Down 0.5%

Corporacion Inmobiliaria Vesta stock opened at $32.91 on Friday. Corporacion Inmobiliaria Vesta has a one year low of $21.30 and a one year high of $37.41. The company’s fifty day moving average price is $32.75 and its two-hundred day moving average price is $30.35. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.84 and a quick ratio of 2.97. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 11.80 and a beta of 0.56.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings results on Thursday, February 19th. The company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $1.21. Corporacion Inmobiliaria Vesta had a net margin of 85.41% and a return on equity of 9.33%. The company had revenue of $76.40 million for the quarter, compared to analyst estimates of $1.29 billion. On average, analysts forecast that Corporacion Inmobiliaria Vesta will post 2.2 earnings per share for the current fiscal year.

Corporacion Inmobiliaria Vesta Increases Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, January 27th. Shareholders of record on Friday, January 16th were issued a $0.2041 dividend. This is a boost from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. The ex-dividend date of this dividend was Friday, January 16th. This represents a yield of 63.0%. Corporacion Inmobiliaria Vesta’s payout ratio is currently 6.09%.

Corporacion Inmobiliaria Vesta Company Profile

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.