Key Points
- Insider sale: Corporacion Inmobiliaria Vesta insider Mayorga Luis Felipe Cepeda sold 8,366 shares on June 2 at an average price of $3.44, totaling $28,779.04.
- Strong recent results: The company reported quarterly EPS of $1.25, well above the $0.40 consensus estimate, and revenue of $76.75 million versus expectations of $73.32 million.
- Dividend and outlook: Vesta raised its annual dividend to $0.2181 from $0.20, while analysts currently rate the stock a Moderate Buy with an average price target of $40.00.
Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) insider Mayorga Luis Felipe Cepeda sold 8,366 shares of the business's stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $3.44, for a total value of $28,779.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Corporacion Inmobiliaria Vesta Price Performance
NYSE VTMX opened at $34.09 on Friday. The company has a market cap of $2.88 billion, a PE ratio of 8.81, a PEG ratio of 3.12 and a beta of 0.64. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 1 year low of $24.99 and a 1 year high of $37.41. The company has a current ratio of 5.66, a quick ratio of 5.66 and a debt-to-equity ratio of 0.41. The stock's 50-day moving average price is $34.84 and its two-hundred day moving average price is $33.07.
Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last issued its earnings results on Friday, April 24th. The company reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.85. The company had revenue of $76.75 million for the quarter, compared to the consensus estimate of $73.32 million. Corporacion Inmobiliaria Vesta had a return on equity of 12.23% and a net margin of 111.99%. On average, analysts predict that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.52 EPS for the current year.
Corporacion Inmobiliaria Vesta Increases Dividend
The firm also recently announced an annual dividend, which was paid on Wednesday, May 13th. Stockholders of record on Tuesday, May 5th were issued a $0.2181 dividend. The ex-dividend date was Tuesday, May 5th. This represents a dividend yield of 61.0%. This is a positive change from Corporacion Inmobiliaria Vesta's previous annual dividend of $0.20. Corporacion Inmobiliaria Vesta's dividend payout ratio is currently 4.91%.
Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta
A number of large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its position in Corporacion Inmobiliaria Vesta by 38.1% during the second 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. Centersquare Investment Management LLC boosted its position in Corporacion Inmobiliaria Vesta by 4.9% during the third quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company's stock worth $10,357,000 after purchasing an additional 17,110 shares during the period. Lazard Asset Management LLC boosted its position in shares of Corporacion Inmobiliaria Vesta by 6.6% in the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company's stock valued at $8,803,000 after acquiring an additional 19,967 shares during the period. Finally, ABC Arbitrage SA boosted its position in shares of 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 acquiring an additional 86,328 shares during the period. Institutional investors own 6.61% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the company. Barclays upped their target price on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an "overweight" rating in a report on Monday, May 4th. Zacks Research upgraded Corporacion Inmobiliaria Vesta from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 19th. Weiss Ratings restated a "hold (c)" rating on shares of Corporacion Inmobiliaria Vesta in a report on Friday, May 22nd. Finally, Wall Street Zen upgraded Corporacion Inmobiliaria Vesta from a "hold" rating to a "buy" rating in a report on Sunday, May 24th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $40.00.
View Our Latest Analysis on Corporacion Inmobiliaria Vesta
About Corporacion Inmobiliaria Vesta
(
Get Free Report)
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.
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