Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on Vesta, with three holds and two buys; the average 12-month price target is $42.00.
• Insiders sold 430,636 shares worth approximately $1.5 million over the past three months, including sales by an insider and the CEO.
• Vesta reported quarterly EPS of $1.09 on $78.5 million in revenue and paid a quarterly dividend of $0.1999 per share, equivalent to an annualized yield of about 2.3%.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) has received an average rating of "Hold" from the five ratings firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $42.00.

A number of research analysts have issued reports on VTMX shares. Wall Street Zen cut Corporacion Inmobiliaria Vesta from a "buy" rating to a "hold" rating in a research note on Saturday, June 20th. UBS Group increased their target price on Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the stock a "buy" rating in a research note on Thursday, June 18th. Barclays raised their price target on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an "overweight" rating in a report on Monday, May 4th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Corporacion Inmobiliaria Vesta in a research report on Wednesday, August 19th. Finally, Zacks Research cut shares of Corporacion Inmobiliaria Vesta from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 6th.

Insiders Place Their Bets

In other news, insider Carranza Diego Berho sold 10,000 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $3.44, for a total transaction of $34,400.00. Following the sale, the insider owned 1,835,194 shares in the company, valued at $6,313,067.36. This represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Carranza Lorenzo Dominiq Berho sold 60,000 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $3.58, for a total transaction of $214,800.00. Following the sale, the chief executive officer directly owned 3,833,109 shares of the company's stock, valued at $13,722,530.22. This trade represents a 1.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 430,636 shares of company stock valued at $1,499,645.

Institutional Trading of Corporacion Inmobiliaria Vesta

Several institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its stake in shares of Corporacion Inmobiliaria Vesta by 38.1% in the second 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 during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of 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 purchasing an additional 19,967 shares in the last quarter. Finally, ABC Arbitrage SA boosted its position in shares of 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 during the last quarter. 6.61% of the stock is currently owned by hedge funds and other institutional investors.

Corporacion Inmobiliaria Vesta Price Performance

Shares of NYSE VTMX opened at $34.16 on Friday. Corporacion Inmobiliaria Vesta has a fifty-two week low of $25.59 and a fifty-two week high of $37.41. The company has a 50 day simple moving average of $34.24 and a two-hundred day simple moving average of $34.32. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 7.43, a P/E/G ratio of 3.67 and a beta of 0.64. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.26 and a current ratio of 4.26.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 1st. The company reported $1.09 EPS for the quarter. The firm had revenue of $78.50 million for the quarter. Corporacion Inmobiliaria Vesta had a return on equity of 14.20% and a net margin of 132.22%. Analysts expect that Corporacion Inmobiliaria Vesta will post 2.82 EPS for the current fiscal year.

Corporacion Inmobiliaria Vesta Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th were paid a dividend of $0.1999 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, July 14th. Corporacion Inmobiliaria Vesta's dividend payout ratio (DPR) is currently 14.78%.

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.

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