Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Stock Has Average Price Target of $42.00

Key Points

• Analysts maintain a cautious outlook: Vesta has a consensus “Hold” rating from five brokerages, with three holds and two buys. The average 12-month price target is $42.00, above the reported $35.10 share price.
• Insiders have recently sold shares: Directors and the CEO sold a combined 126,203 shares worth approximately $445,801 over the past 90 days, though insiders continue to hold substantial positions.
• Vesta reported solid quarterly results and declared a dividend: The company posted $1.09 in quarterly EPS on $78.5 million in revenue and announced a quarterly dividend of $0.1999 per share, equivalent to a 2.3% annualized yield.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) has been assigned an average rating of "Hold" from the five brokerages that are currently covering the firm, MarketBeat reports. Three investment 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 brokers that have issued a report on the stock in the last year is $42.00.

A number of equities research analysts recently weighed in on VTMX shares. Zacks Research lowered shares of Corporacion Inmobiliaria Vesta from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Wall Street Zen lowered shares of Corporacion Inmobiliaria Vesta from a "buy" rating to a "hold" rating in a report on Saturday, June 20th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Corporacion Inmobiliaria Vesta in a report on Wednesday, August 19th.

Insider Transactions at Corporacion Inmobiliaria Vesta

In other news, Director Lorenzo Berho sold 33,442 shares of Corporacion Inmobiliaria Vesta stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $3.51, for a total transaction of $117,381.42. Following the sale, the director directly owned 20,683,228 shares of the company's stock, valued at approximately $72,598,130.28. The trade was a 0.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Carranza Lorenzo Dominiq Berho sold 60,000 shares of the business's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $3.58, for a total value of $214,800.00. Following the completion of the transaction, the chief executive officer owned 3,833,109 shares in the company, valued at approximately $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. Over the last ninety days, insiders have sold 126,203 shares of company stock valued at $445,801.

Corporacion Inmobiliaria Vesta Stock Up 1.2%

Shares of NYSE:VTMX opened at $35.10 on Friday. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.37. Corporacion Inmobiliaria Vesta has a 52-week low of $25.81 and a 52-week high of $37.41. The company has a 50 day moving average of $33.86 and a two-hundred day moving average of $34.31. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 7.64, a price-to-earnings-growth ratio of 3.63 and a beta of 0.66.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 1st. The company reported $1.09 earnings per share (EPS) for the quarter. Corporacion Inmobiliaria Vesta had a net margin of 132.22% and a return on equity of 14.20%. The company had revenue of $78.50 million for the quarter. As a group, analysts forecast that Corporacion Inmobiliaria Vesta will post 2.90 earnings per share for the current fiscal year.

Corporacion Inmobiliaria Vesta Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Wednesday, October 14th will be paid a dividend of $0.1999 per share. The ex-dividend date is Wednesday, October 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.3%. Corporacion Inmobiliaria Vesta's dividend payout ratio (DPR) is currently 14.78%.

About Corporacion Inmobiliaria Vesta

Corporación Inmobiliaria Vesta, SAB. de C.V., operating under the Vesta name, is a Mexican industrial real estate company that develops, owns, leases and operates industrial properties. Its portfolio is focused on facilities used for manufacturing, logistics, distribution and related business activities.

Vesta provides industrial space in Mexico through properties located in established and emerging manufacturing and logistics markets. The company serves domestic and international businesses, including manufacturers and supply-chain operators, and develops facilities that can support both standardized requirements and build-to-suit occupancy needs.

Founded in 1998, Vesta has expanded its presence alongside Mexico's manufacturing and nearshoring sectors.

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