Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Receives $33.33 Average Price Target from Brokerages

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) has been assigned an average rating of “Reduce” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $33.3333.

A number of equities research analysts recently commented on VTMX shares. Scotiabank cut shares of Corporacion Inmobiliaria Vesta from a “sector outperform” rating to a “hold” rating in a research note on Wednesday, December 10th. UBS Group increased their price target on shares of Corporacion Inmobiliaria Vesta from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, December 17th. Wall Street Zen upgraded Corporacion Inmobiliaria Vesta from a “sell” rating to a “hold” rating in a research report on Sunday, October 26th. Barclays upped their target price on Corporacion Inmobiliaria Vesta from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Finally, Zacks Research downgraded Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 8th.

Corporacion Inmobiliaria Vesta Stock Up 3.2%

Corporacion Inmobiliaria Vesta stock opened at $34.17 on Tuesday. Corporacion Inmobiliaria Vesta has a fifty-two week low of $21.30 and a fifty-two week high of $34.32. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 1,708.40 and a beta of 0.70. The stock’s fifty day moving average is $31.63 and its two-hundred day moving average is $29.67. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.97 and a current ratio of 2.97.

Corporacion Inmobiliaria Vesta Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, January 27th. Investors of record on Friday, January 16th were given a dividend of $0.2041 per share. The ex-dividend date was Friday, January 16th. This represents a yield of 63.0%. This is a boost from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is 850.00%.

Institutional Trading of Corporacion Inmobiliaria Vesta

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its stake in shares of Corporacion Inmobiliaria Vesta by 38.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock worth $1,017,000 after purchasing an additional 10,236 shares during the period. ABC Arbitrage SA increased its stake in Corporacion Inmobiliaria Vesta by 148.8% in the fourth quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock valued at $4,401,000 after purchasing an additional 86,328 shares during the last quarter. 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 worth $8,803,000 after buying an additional 19,967 shares during the period. Finally, Centersquare Investment Management LLC boosted its stake in Corporacion Inmobiliaria Vesta by 4.9% in the 3rd quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock worth $10,357,000 after buying an additional 17,110 shares during the last quarter. Institutional investors and hedge funds own 6.61% of the company’s stock.

Corporacion Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, trading as VTMX on the New York Stock Exchange, is a Mexico-based real estate investment trust (REIT) specializing in the development, acquisition and management of industrial properties. The company’s portfolio primarily consists of warehouses, distribution centers and manufacturing facilities tailored to multinational corporations, logistics operators and other businesses seeking modern, well-connected industrial space in Mexico.

Vesta’s core business activities include the design and construction of build-to-suit projects, the leasing of speculative and multi-tenant properties, and sale-leaseback transactions that convert existing facilities into long-term lease arrangements.