Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Sells $34,800.00 in Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) 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 sale, the insider directly owned 5,000 shares of the company’s stock, valued at $17,400. This represents a 66.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Castillo Cacho Guillermo Del also recently made the following trade(s):

• On Tuesday, August 4th, Castillo Cacho Guillermo Del sold 2,413 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.44, for a total transaction of $8,300.72.
• On Thursday, July 30th, Castillo Cacho Guillermo Del sold 1,675 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.41, for a total value of $5,711.75.
• On Friday, June 26th, Castillo Cacho Guillermo Del sold 3,400 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.37, for a total value of $11,458.00.
• On Tuesday, June 23rd, Castillo Cacho Guillermo Del sold 3,400 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.37, for a total value of $11,458.00.
• On Friday, May 22nd, Castillo Cacho Guillermo Del sold 8,500 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.41, for a total value of $28,985.00.

Corporacion Inmobiliaria Vesta Stock Up 0.2%

NYSE VTMX traded up $0.07 during trading on Friday, reaching $33.92. 13,198 shares of the company’s stock were exchanged, compared to its average volume of 86,675. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a fifty-two week low of $25.59 and a fifty-two week high of $37.41. The firm has a market capitalization of $2.87 billion, a PE ratio of 7.40, a P/E/G ratio of 3.68 and a beta of 0.64. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 0.37. The company’s fifty day simple moving average is $34.13 and its 200-day simple moving average is $34.12.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its earnings results on Wednesday, July 1st. The company reported $1.09 earnings per share for the quarter. Corporacion Inmobiliaria Vesta had a return on equity of 14.20% and a net margin of 132.22%.The company had revenue of $78.50 million for the quarter. Sell-side analysts predict that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.82 EPS for the current year.

Corporacion Inmobiliaria Vesta Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th were given a dividend of $0.1999 per share. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.4%. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is presently 14.78%.

Analysts Set New Price Targets

Several brokerages have recently commented on VTMX. Barclays increased their price target on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Zacks Research cut shares of Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Friday, May 22nd. UBS Group raised their target price on Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Finally, Wall Street Zen cut Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $42.00.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VTMX. ABC Arbitrage SA raised its holdings in 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 period. Lazard Asset Management LLC boosted its holdings in Corporacion Inmobiliaria Vesta by 6.6% during 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, BNP Paribas Financial Markets grew its position 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 purchasing an additional 10,236 shares during the last quarter. Institutional investors own 6.61% of the company’s stock.

Corporacion Inmobiliaria Vesta Company Profile

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.