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

Key Points

• Analyst sentiment is mostly neutral: Vesta has an average “Hold” rating from five analysts (three holds and two buys), with an average one-year price target of $42.00.
• Quarterly earnings beat expectations: The company reported EPS of $1.18 versus the $0.46 consensus estimate, while revenue of $79.56 million slightly exceeded forecasts.
• Vesta declared a quarterly dividend of about $0.20 per share, equivalent to an annualized dividend of $0.80 and a 2.1% yield. Company insiders also sold approximately 1.9 million shares over the past quarter.

Shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) have been assigned an average rating of "Hold" from the five ratings firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $42.00.

Separately, Weiss Ratings raised Corporacion Inmobiliaria Vesta from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, October 26th.

Corporacion Inmobiliaria Vesta Price Performance

Shares of NYSE:VTMX opened at $37.87 on Thursday. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.33. Corporacion Inmobiliaria Vesta has a fifty-two week low of $29.63 and a fifty-two week high of $38.59. The firm has a 50-day simple moving average of $34.70 and a 200 day simple moving average of $34.29. The company has a market cap of $3.64 billion, a PE ratio of 6.90, a P/E/G ratio of 3.80 and a beta of 0.59.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.72. Corporacion Inmobiliaria Vesta had a net margin of 156.69% and a return on equity of 16.24%. The firm had revenue of $79.56 million for the quarter, compared to analyst estimates of $79.15 million. On average, sell-side analysts anticipate that Corporacion Inmobiliaria Vesta will post 3.00 EPS for the current year.

Corporacion Inmobiliaria Vesta Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Wednesday, October 14th were issued a $0.1999 dividend. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.1%. Corporacion Inmobiliaria Vesta's dividend payout ratio (DPR) is 12.20%.

Insider Buying and Selling

In related news, CEO Lorenzo Berho sold 350,000 shares of the company's stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $3.65, for a total transaction of $1,277,500.00. Following the completion of the transaction, the chief executive officer directly owned 3,483,199 shares in the company, valued at $12,713,676.35. This represents a 9.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Diego Berho Carranza sold 45,000 shares of the company's stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $3.73, for a total value of $167,850.00. Following the transaction, the insider owned 1,636,661 shares of the company's stock, valued at approximately $6,104,745.53. The trade was a 2.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,908,852 shares of company stock worth $7,007,468.

Corporacion Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, S.A.B. de C.V., known as Vesta, is a Mexican real estate company that develops, owns and leases industrial properties. Its portfolio includes industrial parks, manufacturing facilities and logistics properties such as warehouses and distribution centers. The company serves businesses seeking space for manufacturing, storage and distribution, including through facilities developed to meet tenants' specific requirements. Vesta operates in industrial markets across Mexico.

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