Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Receives Average Rating of “Reduce” from Brokerages

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

VTMX has been the topic of a number of research reports. UBS Group boosted their target price 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. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Wednesday, January 21st. Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a “sell” rating to a “hold” rating in a research report on Sunday, October 26th. Zacks Research downgraded Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 8th. Finally, Barclays boosted their target price on Corporacion Inmobiliaria Vesta from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th.

Corporacion Inmobiliaria Vesta Trading Up 3.9%

Shares of VTMX stock opened at $33.43 on Tuesday. Corporacion Inmobiliaria Vesta has a fifty-two week low of $21.30 and a fifty-two week high of $33.58. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.97 and a current ratio of 2.97. The stock has a 50 day simple moving average of $31.39 and a two-hundred day simple moving average of $29.46. The company has a market cap of $2.83 billion, a P/E ratio of 1,671.35 and a beta of 0.70.

Corporacion Inmobiliaria Vesta Increases Dividend

The company also recently announced an annual dividend, which was paid on Tuesday, January 27th. Stockholders of record on Friday, January 16th were given a dividend of $0.2041 per share. The ex-dividend date of this dividend was Friday, January 16th. This is a positive change from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. This represents a dividend yield of 63.0%. Corporacion Inmobiliaria Vesta’s payout ratio is currently 850.00%.

Institutional Trading of Corporacion Inmobiliaria Vesta

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its stake in shares of Corporacion Inmobiliaria Vesta by 38.1% in the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock valued at $1,017,000 after buying an additional 10,236 shares in the last quarter. ABC Arbitrage SA raised its holdings in shares of Corporacion Inmobiliaria Vesta by 148.8% in the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock worth $4,401,000 after acquiring an additional 86,328 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of Corporacion Inmobiliaria Vesta by 6.6% in the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock worth $8,803,000 after acquiring an additional 19,967 shares during the last quarter. Finally, Centersquare Investment Management LLC lifted its position 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 valued at $10,357,000 after acquiring an additional 17,110 shares in the last quarter. Institutional investors own 6.61% of the company’s stock.

About Corporacion Inmobiliaria Vesta

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.