Corporacion Inmobiliaria Vesta (NYSE:VTMX) Reaches New 1-Year High – Still a Buy?

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Wednesday, August 19th. Zacks Research downgraded shares of Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Corporacion Inmobiliaria Vesta has an average rating of “Hold” and a consensus price target of $42.00.

Corporacion Inmobiliaria Vesta Stock Up 3.5%

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

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings results on Thursday, October 22nd. The company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $79.15 million. On average, analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.90 earnings per share for the current fiscal year.

Corporacion Inmobiliaria Vesta Announces Dividend

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

Insider Activity at Corporacion Inmobiliaria Vesta

In related news, insider Castillo Cacho Guillermo Del sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $3.48, for a total transaction of $34,800.00. Following the transaction, the insider owned 5,000 shares in the company, valued at $17,400. This represents a 66.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lorenzo Berho sold 33,442 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $3.51, for a total transaction of $117,381.42. Following the transaction, the director owned 20,683,228 shares in the company, valued at approximately $72,598,130.28. This trade represents a 0.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 126,203 shares of company stock valued at $445,801 over the last ninety days.

About Corporacion Inmobiliaria Vesta

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.