Key Points
- Insider sale: VP Melgar Pablo Barcos sold 6,154 Vesta shares for approximately $21,601, reducing his ownership by 55.17% to 5,000 shares.
- Financial performance and dividend: Vesta reported quarterly EPS of $1.09 on $78.5 million in revenue and declared a quarterly dividend of $0.1999 per share, equivalent to an annualized yield of about 2.4%.
- Analyst outlook: Vesta has a consensus rating of “Hold” from analysts, with an average price target of $42.00; ratings range from Buy to Hold.
Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) VP Melgar Pablo Barcos sold 6,154 shares of the business's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $3.51, for a total transaction of $21,600.54. Following the completion of the sale, the vice president owned 5,000 shares in the company, valued at approximately $17,550. This trade represents a 55.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Corporacion Inmobiliaria Vesta Trading Up 0.9%
NYSE VTMX opened at $33.66 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.26 and a quick ratio of 4.26. The stock has a market capitalization of $2.85 billion, a P/E ratio of 7.32, a PEG ratio of 3.45 and a beta of 0.66. The firm's 50-day moving average is $33.83 and its two-hundred day moving average is $34.23. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 12 month low of $25.59 and a 12 month high of $37.41.
Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 1st. The company reported $1.09 earnings per share for the quarter. The business had revenue of $78.50 million during the quarter. Corporacion Inmobiliaria Vesta had a net margin of 132.22% and a return on equity of 14.20%. On average, sell-side analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.9 earnings per share for the current year.
Corporacion Inmobiliaria Vesta Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Wednesday, October 14th will be given a dividend of $0.1999 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.4%. Corporacion Inmobiliaria Vesta's dividend payout ratio (DPR) is presently 14.78%.
Wall Street Analyst Weigh In
Several research firms recently issued reports on VTMX. UBS Group boosted their price objective on Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the company a "buy" rating in a report on Thursday, June 18th. Wall Street Zen cut Corporacion Inmobiliaria Vesta from a "buy" rating to a "hold" rating in a report on Saturday, June 20th. Zacks Research downgraded Corporacion Inmobiliaria Vesta from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Corporacion Inmobiliaria Vesta in a research note on Wednesday, August 19th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Corporacion Inmobiliaria Vesta presently has an average rating of "Hold" and a consensus price target of $42.00.
View Our Latest Stock Analysis on Corporacion Inmobiliaria Vesta
About Corporacion Inmobiliaria Vesta
(
Get Free Report)
Corporación Inmobiliaria Vesta, SAB. de C.V., operating under the Vesta name, is a Mexican industrial real estate company that develops, owns, leases and operates industrial properties. Its portfolio is focused on facilities used for manufacturing, logistics, distribution and related business activities.
Vesta provides industrial space in Mexico through properties located in established and emerging manufacturing and logistics markets. The company serves domestic and international businesses, including manufacturers and supply-chain operators, and develops facilities that can support both standardized requirements and build-to-suit occupancy needs.
Founded in 1998, Vesta has expanded its presence alongside Mexico's manufacturing and nearshoring sectors.
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