Insider Selling: Corporacion Inmobiliaria Vesta (NYSE:VTMX) CEO Sells 6,041 Shares of Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) CEO Lorenzo Berho sold 6,041 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $3.71, for a total transaction of $22,412.11. Following the completion of the sale, the chief executive officer owned 3,223,030 shares in the company, valued at approximately $11,957,441.30. This trade represents a 0.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Carranza Lorenzo Dominiq Berho also recently made the following trade(s):

• On Monday, November 9th, Lorenzo Berho sold 150,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.81, for a total value of $571,500.00.
• On Friday, November 6th, Lorenzo Berho sold 39,831 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.72, for a total value of $148,171.32.
• On Wednesday, November 4th, Lorenzo Berho sold 4,128 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.71, for a total value of $15,314.88.
• On Friday, October 30th, Lorenzo Berho sold 250,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.62, for a total value of $905,000.00.
• On Thursday, October 29th, Lorenzo Berho sold 350,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.65, for a total value of $1,277,500.00.
• On Friday, August 21st, Lorenzo Berho sold 60,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.58, for a total value of $214,800.00.

Corporacion Inmobiliaria Vesta Stock Performance

Shares of VTMX traded up $0.68 during mid-day trading on Monday, hitting $38.30. The stock had a trading volume of 133,188 shares, compared to its average volume of 86,173. The company has a market cap of $3.69 billion, a PE ratio of 6.98, a PEG ratio of 3.76 and a beta of 0.59. The company’s fifty day simple moving average is $34.48 and its two-hundred day simple moving average is $34.20. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.33. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a fifty-two week low of $29.63 and a fifty-two week high of $38.50.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.72. Corporacion Inmobiliaria Vesta had a return on equity of 16.24% and a net margin of 156.69%. The business had revenue of $79.56 million during the quarter, compared to the consensus estimate of $79.15 million. On average, equities analysts expect that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Wednesday, October 14th were paid a dividend of $0.1999 per share. The ex-dividend date was Wednesday, October 14th. This represents a $0.80 annualized dividend and a yield of 2.1%. Corporacion Inmobiliaria Vesta’s payout ratio is presently 12.20%.

Key Headlines Impacting Corporacion Inmobiliaria Vesta

Here are the key news stories impacting Corporacion Inmobiliaria Vesta this week:

• Negative Sentiment: CEO Lorenzo Berho sold a combined 200,000 shares across four transactions, worth about $757,000 at the reported prices. Insider Romero Pucheu sold 120,000 shares—39.7% of his reported position—and Diego Berho Carranza sold a combined 53,911 shares. In total, the reported sales amounted to 373,911 shares. CEO sales filing Pucheu sales filing Carranza sales filing

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Corporacion Inmobiliaria Vesta from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, October 26th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $42.00.

Corporacion Inmobiliaria Vesta Company Profile