Vesta Real EstateVTMX
Market Cap: $2.42B
About: Corporacion Inmobiliaria Vesta SAB de CV is a real estate company dedicated to the development and leasing of industrial buildings and distribution centers in Mexico. The Company's primary business is the acquisition, development, and management of industrial and distribution center real estate. The company designs and constructs park-to-suit projects across various industries; undertakes build-to-suit projects; and provides site selection, design and engineering, and sale and leaseback services. The primary source of revenues is the rental income received from customers under operating leases. It serves aerospace, automotive, food and beverage, logistics, medical devices, plastics, and other industries.
Employees: 95
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
114% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 7
11% more funds holding
Funds holding: 72 [Q1] → 80 (+8) [Q2]
0.11% less ownership
Funds ownership: 1.58% [Q1] → 1.47% (-0.11%) [Q2]
3% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 29
29% less capital invested
Capital invested by funds: $545M [Q1] → $389M (-$157M) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Barclays Pablo Monsivais 40% 1-year accuracy 2 / 5 met price target | 37%upside $38 | Overweight Maintained | 31 Jul 2024 |
Barclays Pablo Monsivais 40% 1-year accuracy 2 / 5 met price target | 45%upside $40 | Overweight Maintained | 15 Jul 2024 |