Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Receives Average Recommendation of “Hold” from Brokerages

Shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) have been assigned an average recommendation of “Hold” from the five research firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $39.50.

A number of research firms have recently commented on VTMX. Scotiabank downgraded 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. Zacks Research raised shares of Corporacion Inmobiliaria Vesta from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, UBS Group lifted their price target on shares of Corporacion Inmobiliaria Vesta from $35.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, December 17th.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

Several institutional investors and hedge funds have recently added to or reduced their stakes in VTMX. Centersquare Investment Management LLC lifted its stake in shares of Corporacion Inmobiliaria Vesta by 4.9% in the 3rd 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. BNP Paribas Financial Markets increased its position in Corporacion Inmobiliaria Vesta by 38.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock worth $1,017,000 after purchasing an additional 10,236 shares in the last quarter. Lazard Asset Management LLC raised 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 buying an additional 19,967 shares during the period. Finally, ABC Arbitrage SA lifted 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 valued at $4,401,000 after buying an additional 86,328 shares in the last quarter. 6.61% of the stock is currently owned by institutional investors and hedge funds.

Corporacion Inmobiliaria Vesta Price Performance

VTMX stock opened at $33.42 on Wednesday. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 11.98, a price-to-earnings-growth ratio of 4.42 and a beta of 0.57. The company has a quick ratio of 4.84, a current ratio of 4.84 and a debt-to-equity ratio of 0.46. Corporacion Inmobiliaria Vesta has a 52-week low of $21.30 and a 52-week high of $37.41. The stock’s fifty day simple moving average is $33.16 and its 200-day simple moving average is $30.89.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its earnings results on Saturday, February 14th. The company reported $2.01 EPS for the quarter, beating the consensus estimate of $0.80 by $1.21. Corporacion Inmobiliaria Vesta had a return on equity of 9.33% and a net margin of 85.41%.The firm had revenue of $76.40 million during the quarter, compared to analyst estimates of $1.29 billion. Equities research analysts expect that Corporacion Inmobiliaria Vesta will post 2.2 EPS for the current year.

Corporacion Inmobiliaria Vesta Increases Dividend

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