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

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.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the five research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $31.3333.

VTMX has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a "sell" rating to a "hold" rating in a report on Sunday. Zacks Research upgraded Corporacion Inmobiliaria Vesta from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 14th. UBS Group cut their price objective on Corporacion Inmobiliaria Vesta from $36.00 to $35.00 and set a "buy" rating for the company in a research note on Monday. Finally, Barclays raised their price target on shares of Corporacion Inmobiliaria Vesta from $37.00 to $38.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th.

Corporacion Inmobiliaria Vesta Trading Down 2.3%

Shares of VTMX stock traded down $0.63 during trading hours on Friday, reaching $26.36. 46,244 shares of the stock were exchanged, compared to its average volume of 184,311. Corporacion Inmobiliaria Vesta has a 12-month low of $21.30 and a 12-month high of $30.07. The company's 50-day moving average price is $27.48 and its 200-day moving average price is $26.55. The firm has a market capitalization of $22.77 billion, a price-to-earnings ratio of 138.65, a price-to-earnings-growth ratio of 4.36 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 (NYSE:VTMX - Get Free Report) last issued its 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 company had revenue of $62.20 million for the quarter, compared to analysts' expectations of $1.43 billion. Corporacion Inmobiliaria Vesta had a net margin of 12.15% and a return on equity of 1.24%. Corporacion Inmobiliaria Vesta has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Corporacion Inmobiliaria Vesta will post 2.2 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Announces Dividend

The firm also recently announced an annual dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Monday, July 14th were given a $0.2009 dividend. The ex-dividend date was Monday, July 14th. This represents a yield of 80.0%. Corporacion Inmobiliaria Vesta's payout ratio is currently 89.47%.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its holdings 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 valued at $1,017,000 after buying an additional 10,236 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Corporacion Inmobiliaria Vesta by 6.6% in the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company's stock valued at $8,803,000 after buying an additional 19,967 shares in the last quarter. Anson Funds Management LP purchased a new stake in shares of Corporacion Inmobiliaria Vesta in the first quarter valued at $1,251,000. Finally, ABC Arbitrage SA purchased a new position in Corporacion Inmobiliaria Vesta during the first quarter worth approximately $1,291,000. Hedge funds and other institutional investors own 6.61% of the company's stock.

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.