Corporacion Inmobiliaria Vesta (NYSE:VTMX) Reaches New 52-Week High – What’s Next?

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Corporacion Inmobiliaria Vesta from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, October 26th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $42.00.

Corporacion Inmobiliaria Vesta Price Performance

The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.46 and a current ratio of 3.46. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 6.99, a price-to-earnings-growth ratio of 3.83 and a beta of 0.59. The business’s 50 day simple moving average is $34.63 and its 200-day simple moving average is $34.26.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its 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 the consensus estimate of $79.15 million. Research analysts anticipate 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Stockholders of record on Wednesday, October 14th were given a dividend of $0.1999 per share. The ex-dividend date was Wednesday, October 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.1%. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is 12.20%.

Insider Buying and Selling at Corporacion Inmobiliaria Vesta

In other Corporacion Inmobiliaria Vesta news, insider Diego Berho Carranza sold 23,911 shares of the company’s stock in a transaction on Friday, November 6th. The stock was sold at an average price of $3.75, for a total value of $89,666.25. Following the transaction, the insider owned 1,582,750 shares of the company’s stock, valued at approximately $5,935,312.50. This represents a 1.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Juan Felipe Sottil Achutegui sold 330,714 shares of the company’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $3.71, for a total value of $1,226,948.94. Following the completion of the transaction, the chief financial officer directly owned 609,567 shares in the company, valued at $2,261,493.57. This represents a 35.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,913,352 shares of company stock valued at $7,022,858 in the last ninety days.

About Corporacion Inmobiliaria Vesta

Corporación Inmobiliaria Vesta, S.A.B. de C.V., known as Vesta, is a Mexican real estate company that develops, owns and leases industrial properties. Its portfolio includes industrial parks, manufacturing facilities and logistics properties such as warehouses and distribution centers. The company serves businesses seeking space for manufacturing, storage and distribution, including through facilities developed to meet tenants’ specific requirements. Vesta operates in industrial markets across Mexico.