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

Key Points

• Analysts hold a neutral view: Three of five brokerages rate Vesta “Hold” and two rate it “Buy,” with an average 12-month price target of $42.00 versus the reported share price of $32.87.
• Recent insider selling: Company insiders sold 176,949 shares worth approximately $618,593 over the past 90 days, including sales by an insider and a director.
• Vesta reported quarterly earnings of $1.09 per share on revenue of $78.5 million and recently paid a $0.1999 quarterly dividend, equivalent to an annualized yield of about 2.4%.

Shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) have received an average recommendation of "Hold" from the five brokerages that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $42.00.

A number of research firms have recently issued reports on VTMX. Weiss Ratings reissued a "hold (c)" rating on shares of Corporacion Inmobiliaria Vesta in a research report on Wednesday, August 19th. UBS Group lifted their price objective on Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the company a "buy" rating in a report on Thursday, June 18th. Wall Street Zen lowered shares of Corporacion Inmobiliaria Vesta from a "buy" rating to a "hold" rating in a research note on Saturday, June 20th. Finally, Zacks Research cut shares of Corporacion Inmobiliaria Vesta from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th.

Insider Activity

In related news, insider Castillo Cacho Guillermo Del sold 10,000 shares of the firm's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $3.48, for a total transaction of $34,800.00. Following the sale, the insider owned 5,000 shares of the company's stock, valued at $17,400. This trade represents a 66.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lorenzo Berho sold 33,442 shares of Corporacion Inmobiliaria Vesta stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $3.51, for a total value of $117,381.42. Following the completion of the transaction, the director owned 20,683,228 shares in the company, valued at $72,598,130.28. This trade represents a 0.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 176,949 shares of company stock worth $618,593.

Corporacion Inmobiliaria Vesta Stock Down 2.3%

Shares of NYSE VTMX opened at $32.87 on Wednesday. Corporacion Inmobiliaria Vesta has a 52-week low of $25.59 and a 52-week high of $37.41. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 7.15, a PEG ratio of 3.48 and a beta of 0.64. The stock has a 50 day moving average price of $34.19 and a 200 day moving average price of $34.23. 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 released its quarterly earnings data on Wednesday, July 1st. The company reported $1.09 EPS for the quarter. The company 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%. Sell-side analysts expect that Corporacion Inmobiliaria Vesta will post 2.9 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th were given a $0.1999 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, July 14th. Corporacion Inmobiliaria Vesta's dividend payout ratio is presently 14.78%.

Corporacion Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, SAB. de C.V., commonly known as Vesta, is a Mexico-based industrial real estate company. It develops, owns, leases and operates industrial properties designed for manufacturing, logistics, distribution and other business uses.

Vesta's portfolio includes industrial parks, build-to-suit facilities and properties in strategic locations serving domestic and international companies. Its developments are intended to support sectors such as automotive, aerospace, electronics, medical devices, logistics and consumer products.

Founded in 1998, Vesta serves industrial markets across Mexico, with properties positioned near major transportation networks, manufacturing centers and border regions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.