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

Key Points

• Vesta shares reached a new 52-week high of $38.44, up from the previous close of $37.62.
• Analysts have a consensus “Hold” rating, with an average price target of $42. Weiss Ratings recently raised its assessment from “hold (c)” to “hold (c+).”
• Vesta reported quarterly EPS of $1.18, topping the $0.46 consensus estimate, and revenue of $79.56 million. It also pays an annualized dividend of about $0.80 per share, a 2.1% yield.

Shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) hit a new 52-week high on Monday. The stock traded as high as $38.44 and last traded at $38.3120, with a volume of 12,965 shares traded. The stock had previously closed at $37.62.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Corporacion Inmobiliaria Vesta from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, October 26th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $42.00.

Corporacion Inmobiliaria Vesta Trading Up 1.8%

The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.33. The stock's 50 day moving average price is $34.48 and its 200-day moving average price is $34.20. The stock has a market capitalization of $3.68 billion, a P/E ratio of 6.98, a P/E/G ratio of 3.76 and a beta of 0.59.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The company reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.72. The company had revenue of $79.56 million during the quarter, compared to the consensus estimate of $79.15 million. Corporacion Inmobiliaria Vesta had a net margin of 156.69% and a return on equity of 16.24%. As a group, equities research analysts expect that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Dividend Announcement

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

Insider Buying and Selling

In other Corporacion Inmobiliaria Vesta news, insider Romero Pucheu sold 120,000 shares of the business's stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $3.73, for a total value of $447,600.00. Following the completion of the transaction, the insider directly owned 182,287 shares in the company, valued at approximately $679,930.51. The trade was a 39.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Lorenzo Berho sold 250,000 shares of the business's stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $3.62, for a total transaction of $905,000.00. Following the completion of the transaction, the chief executive officer owned 3,233,199 shares of the company's stock, valued at $11,704,180.38. This represents a 7.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,729,393 shares of company stock valued at $6,322,672.

Corporacion Inmobiliaria Vesta Company Profile

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