Carranza Diego Berho Sells 6,219 Shares of Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Carranza Diego Berho sold 6,219 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $3.48, for a total transaction of $21,642.12. Following the completion of the sale, the insider owned 1,715,475 shares of the company’s stock, valued at approximately $5,969,853. The trade was a 0.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, June 30th, Carranza Diego Berho sold 3,500 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.41, for a total value of $11,935.00.

Corporacion Inmobiliaria Vesta Price Performance

Shares of VTMX stock opened at $33.73 on Thursday. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 12 month low of $25.59 and a 12 month high of $37.41. The company has a market capitalization of $2.85 billion, a P/E ratio of 7.34, a P/E/G ratio of 3.51 and a beta of 0.64. The stock has a 50 day moving average of $34.36 and a two-hundred day moving average of $34.38. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 0.37.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its earnings results on Wednesday, July 1st. The company reported $1.09 EPS for the quarter. Corporacion Inmobiliaria Vesta had a return on equity of 14.20% and a net margin of 132.22%.The business had revenue of $78.50 million during the quarter. As a group, equities analysts expect that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.9 EPS for the current year.

Corporacion Inmobiliaria Vesta Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th were paid a dividend of $0.1999 per share. The ex-dividend date 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 currently 14.78%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ABC Arbitrage SA increased its position in Corporacion Inmobiliaria Vesta by 148.8% in the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock valued at $4,401,000 after acquiring an additional 86,328 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Corporacion Inmobiliaria Vesta by 6.6% during the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock worth $8,803,000 after purchasing an additional 19,967 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Corporacion Inmobiliaria Vesta by 38.1% during the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock worth $1,017,000 after purchasing an additional 10,236 shares in the last quarter. Institutional investors and hedge funds own 6.61% of the company’s stock.

Wall Street Analyst Weigh In

VTMX has been the subject of a number of recent research reports. Wall Street Zen cut Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Wednesday, August 19th. UBS Group boosted their target price on shares of Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Finally, Zacks Research cut shares of Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Corporacion Inmobiliaria Vesta currently has an average rating of “Hold” and a consensus price target of $42.00.

About Corporacion Inmobiliaria Vesta

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.