Corporacion Inmobiliaria Vesta (NYSE:VTMX) Hits New 12-Month High - Should You Buy?

Key Points

• Vesta shares reached a new 52-week high of $37.56 and were recently trading around $37.45, up 3.5%, with a market capitalization of approximately $3.62 billion.
• The company reported quarterly EPS of $1.18, substantially above the $0.46 analyst consensus, while revenue of $79.56 million was broadly in line with estimates. Vesta also pays a quarterly dividend of $0.1999 per share, equivalent to a 2.1% yield.
• Analysts maintain a consensus “Hold” rating, with a $42 price target, while insiders have sold 126,203 shares worth about $445,801 over the past 90 days.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report)'s stock price reached a new 52-week high during trading on Monday. The company traded as high as $37.56 and last traded at $37.4530, with a volume of 72,566 shares traded. The stock had previously closed at $36.34.

Analyst Ratings Changes

Several brokerages have issued reports on VTMX. Weiss Ratings restated a "hold (c)" rating on shares of Corporacion Inmobiliaria Vesta in a research note on Wednesday, August 19th. Zacks Research lowered shares of Corporacion Inmobiliaria Vesta from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 6th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, Corporacion Inmobiliaria Vesta presently has a consensus rating of "Hold" and a consensus price target of $42.00.

Corporacion Inmobiliaria Vesta Trading Up 3.5%

The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 0.33. The firm has a market cap of $3.62 billion, a PE ratio of 6.81, a P/E/G ratio of 3.75 and a beta of 0.66. The company's 50-day moving average is $34.06 and its 200 day moving average is $34.40.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.72. Corporacion Inmobiliaria Vesta had a return on equity of 16.24% and a net margin of 156.69%. The firm had revenue of $79.56 million for the quarter, compared to analyst estimates of $79.15 million. As a group, sell-side analysts predict that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.90 EPS for the current year.

Corporacion Inmobiliaria Vesta Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Wednesday, October 14th were given a dividend of $0.1999 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, October 14th. Corporacion Inmobiliaria Vesta's payout ratio is currently 12.20%.

Insider Buying and Selling at Corporacion Inmobiliaria Vesta

In other Corporacion Inmobiliaria Vesta news, insider Castillo Cacho Guillermo Del sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $3.48, for a total value 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Carranza Lorenzo Dominiq Berho sold 60,000 shares of the company's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $3.58, for a total transaction of $214,800.00. Following the transaction, the chief executive officer owned 3,833,109 shares of the company's stock, valued at approximately $13,722,530.22. The trade was a 1.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 126,203 shares of company stock valued at $445,801 in the last 90 days.

Corporacion Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, SAB. de C.V., commonly known as Vesta, is a Mexican industrial real estate company focused on the development, acquisition, ownership, leasing and management of industrial properties. Its portfolio is designed to support manufacturing, logistics, distribution and other business operations.

Vesta provides industrial buildings, build-to-suit facilities and logistics-oriented properties for domestic and international companies. The company's properties are located in major industrial markets across Mexico, including regions serving automotive, aerospace, electronics, logistics and other manufacturing activities.

Vesta was established in Mexico in 1998 and has expanded its platform alongside the country's manufacturing and nearshoring industries.

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