Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Carranza Diego Berho Sells 53,065 Shares of Company Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Diego Berho Carranza sold 53,065 shares of the firm’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $3.79, for a total value of $201,116.35. Following the sale, the insider directly owned 1,529,685 shares of the company’s stock, valued at approximately $5,797,506.15. This trade represents a 3.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, November 10th, Diego Berho Carranza sold 50,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.83, for a total value of $191,500.00.
• On Friday, November 6th, Diego Berho Carranza sold 23,911 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.75, for a total value of $89,666.25.
• On Thursday, November 5th, Diego Berho Carranza sold 30,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.70, for a total value of $111,000.00.
• On Wednesday, November 4th, Diego Berho Carranza sold 45,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.73, for a total value of $167,850.00.
• On Tuesday, November 3rd, Diego Berho Carranza sold 30,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.64, for a total value of $109,200.00.
• On Friday, October 30th, Diego Berho Carranza sold 3,814 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.65, for a total transaction of $13,921.10.
• On Friday, September 4th, Diego Berho Carranza sold 6,219 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.48, for a total transaction of $21,642.12.

Corporacion Inmobiliaria Vesta Trading Up 0.3%

NYSE VTMX opened at $37.97 on Friday. 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 stock has a market capitalization of $3.65 billion, a P/E ratio of 6.92, a PEG ratio of 3.79 and a beta of 0.59. The firm’s 50-day moving average is $34.77 and its two-hundred day moving average is $34.32. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 12 month low of $29.63 and a 12 month high of $38.59.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced 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. The business had revenue of $79.56 million during the quarter, compared to analysts’ expectations of $79.15 million. Corporacion Inmobiliaria Vesta had a net margin of 156.69% and a return on equity of 16.24%. On average, sell-side 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Investors 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 dividend yield of 2.1%. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is presently 12.20%.

Corporacion Inmobiliaria Vesta News Roundup

Investors following VTMX have been watching these news items:

• Positive Sentiment: Brokerages’ consensus target is $42.00, about 11% above the supplied reference price of $37.97, suggesting analysts see further upside. Article: Vesta consensus target price
• Neutral Sentiment: Vesta announced an Investor Day focused on an update to its Route 2030 strategy and financial framework; the event and published transcript may provide investors more detail, but the supplied reports do not describe specific new targets or decisions. Article: Vesta Investor Day announcement Article: Vesta Investor Day transcript
• Negative Sentiment: Insiders reported multiple sales: CFO Juan Felipe Sottil Achutegui sold 200,000 shares, reducing his ownership by 32.81%; Diego Berho Carranza sold 103,065 shares across two transactions. Such sales can raise concerns about insider confidence, though they do not necessarily indicate a change in the company’s outlook. SEC filing: CFO sale SEC filing: insider sales

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised 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 stock. Based on data from MarketBeat.com, Corporacion Inmobiliaria Vesta presently has a consensus rating of “Hold” and a consensus target price 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.