Corporacion Inmobiliaria Vesta (NYSE:VTMX) CFO Achutegui Juan Felipe Sottil Sells 330,714 Shares of Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) CFO Juan Felipe Sottil Achutegui sold 330,714 shares of Corporacion Inmobiliaria Vesta stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $3.71, for a total transaction of $1,226,948.94. Following the completion of the transaction, the chief financial officer directly owned 609,567 shares of the company’s stock, valued at $2,261,493.57. The trade was a 35.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Achutegui Juan Felipe Sottil also recently made the following trade(s):

• On Wednesday, October 28th, Juan Felipe Sottil Achutegui sold 313,839 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.64, for a total transaction of $1,142,373.96.

Corporacion Inmobiliaria Vesta Stock Down 0.8%

Shares of NYSE VTMX opened at $36.72 on Friday. The firm’s 50-day moving average price is $34.42 and its 200-day moving average price is $34.17. The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 6.69, a P/E/G ratio of 3.70 and a beta of 0.59. 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 $38.29.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.72. The firm 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%. On average, equities research analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 EPS for the current fiscal year.

Corporacion Inmobiliaria Vesta Announces Dividend

The business also recently disclosed 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 was Wednesday, October 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.2%. 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 research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Corporacion Inmobiliaria Vesta currently has a consensus rating of “Hold” and an average target price of $42.00.

About Corporacion Inmobiliaria Vesta

Corporación Inmobiliaria Vesta, SAB. de C.V., commonly known as Vesta, is a Mexican industrial real estate company focused on the development, acquisition, ownership, leasing and management of industrial properties. Its portfolio is designed to support manufacturing, logistics, distribution and other business operations.

Vesta provides industrial buildings, build-to-suit facilities and logistics-oriented properties for domestic and international companies. The company’s properties are located in major industrial markets across Mexico, including regions serving automotive, aerospace, electronics, logistics and other manufacturing activities.

Vesta was established in Mexico in 1998 and has expanded its platform alongside the country’s manufacturing and nearshoring industries.