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

Key Points

• Analysts have given Corporacion Inmobiliaria Vesta (NYSE:VTMX) a consensus rating of “Moderate Buy”, with a mix of buy, hold, and sell recommendations.
• The company's stock opened at $27.95, with a 12-month high of $30.07 and a low of $21.30.
• Cumulatively, institutional investors own 6.61% of Corporacion Inmobiliaria Vesta's stock, indicating a growing interest from major financial players.

Shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) have earned an average rating of "Moderate Buy" from the five analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $31.6667.

A number of equities research analysts have recently weighed in on the stock. UBS Group dropped their price objective on shares of Corporacion Inmobiliaria Vesta from $38.00 to $36.00 and set a "buy" rating on the stock in a report on Friday, July 18th. Wall Street Zen lowered shares of Corporacion Inmobiliaria Vesta from a "hold" rating to a "sell" rating in a report on Saturday, September 6th. Zacks Research raised shares of Corporacion Inmobiliaria Vesta from a "strong sell" rating to a "hold" rating in a report on Thursday, August 14th. Finally, Barclays boosted their price objective on shares of Corporacion Inmobiliaria Vesta from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th.

Corporacion Inmobiliaria Vesta Stock Performance

Shares of VTMX stock opened at $27.95 on Friday. The business's fifty day simple moving average is $27.47 and its 200-day simple moving average is $26.48. The company has a market cap of $24.14 billion, a PE ratio of 147.09, a PEG ratio of 4.57 and a beta of 0.68. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.35. Corporacion Inmobiliaria Vesta has a 12-month low of $21.30 and a 12-month high of $30.07.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.18). The business had revenue of $62.20 million for the quarter, compared to analyst estimates of $1.43 billion. Corporacion Inmobiliaria Vesta had a return on equity of 1.24% and a net margin of 12.15%. Corporacion Inmobiliaria Vesta has set its FY 2025 guidance at EPS. Analysts expect that Corporacion Inmobiliaria Vesta will post 2.2 earnings per share for the current fiscal year.

Corporacion Inmobiliaria Vesta Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Monday, July 14th were issued a dividend of $0.2009 per share. The ex-dividend date of this dividend was Monday, July 14th. This represents a dividend yield of 80.0%. Corporacion Inmobiliaria Vesta's payout ratio is 89.47%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ABC Arbitrage SA acquired a new position in Corporacion Inmobiliaria Vesta during the first quarter valued at $1,291,000. Anson Funds Management LP acquired a new position in Corporacion Inmobiliaria Vesta during the first quarter valued at $1,251,000. BNP Paribas Financial Markets acquired a new position in Corporacion Inmobiliaria Vesta during the fourth quarter valued at $490,000. Finally, Lazard Asset Management LLC lifted its position in 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 during the period. 6.61% of the stock is currently owned by institutional investors and hedge funds.

About Corporacion Inmobiliaria Vesta

Corporación Inmobiliaria Vesta, SAB. de C.V., together with its subsidiaries, acquires, develops, manages, operates, and leases industrial buildings and distribution facilities in Mexico. The company was incorporated in 1998 and is headquartered in Mexico City, Mexico.

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