Insider Selling: Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Sells $447,600.00 in Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Romero Pucheu sold 120,000 shares of the business’s stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $3.73, for a total transaction of $447,600.00. Following the sale, the insider directly owned 182,287 shares in the company, valued at $679,930.51. The trade was a 39.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Romero Alejandro Pucheu also recently made the following trade(s):

• On Tuesday, November 3rd, Romero Pucheu sold 52,350 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.64, for a total value of $190,554.00.
• On Friday, October 30th, Romero Pucheu sold 57,650 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.63, for a total value of $209,269.50.

Corporacion Inmobiliaria Vesta Price Performance

Shares of VTMX opened at $37.87 on Thursday. The business has a 50-day moving average of $34.70 and a 200-day moving average of $34.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.46 and a quick ratio of 3.46. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 6.90, a price-to-earnings-growth ratio of 3.80 and a beta of 0.59. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 1 year low of $29.63 and a 1 year high of $38.59.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its 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. The business had revenue of $79.56 million during the quarter, compared to the consensus estimate of $79.15 million. Corporacion Inmobiliaria Vesta had a net margin of 156.69% and a return on equity of 16.24%. As a group, equities research analysts anticipate 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 company also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Wednesday, October 14th were given a dividend of $0.1999 per share. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. Corporacion Inmobiliaria Vesta’s dividend payout ratio is 12.20%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Corporacion Inmobiliaria Vesta from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, October 26th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $42.00.

Corporacion Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, S.A.B. de C.V., known as Vesta, is a Mexican real estate company that develops, owns and leases industrial properties. Its portfolio includes industrial parks, manufacturing facilities and logistics properties such as warehouses and distribution centers. The company serves businesses seeking space for manufacturing, storage and distribution, including through facilities developed to meet tenants’ specific requirements. Vesta operates in industrial markets across Mexico.