Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Colmenares Sergio Raul Martin Sells 34,239 Shares

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Colmenares Sergio Raul Martin sold 34,239 shares of Corporacion Inmobiliaria Vesta stock in a transaction on Monday, June 8th. The stock was sold at an average price of $3.42, for a total transaction of $117,097.38. Following the sale, the insider directly owned 1,800 shares of the company’s stock, valued at approximately $6,156. This trade represents a 95.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Corporacion Inmobiliaria Vesta Price Performance

Corporacion Inmobiliaria Vesta stock opened at $33.73 on Thursday. The stock has a market cap of $2.85 billion, a P/E ratio of 8.71, a price-to-earnings-growth ratio of 3.05 and a beta of 0.64. The company has a fifty day simple moving average of $34.92 and a 200-day simple moving average of $33.17. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 12-month low of $24.99 and a 12-month high of $37.41. The company has a current ratio of 5.66, a quick ratio of 5.66 and a debt-to-equity ratio of 0.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings data on Friday, April 24th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.85. The business had revenue of $76.75 million during the quarter, compared to analysts’ expectations of $73.32 million. Corporacion Inmobiliaria Vesta had a net margin of 111.99% and a return on equity of 12.23%. Equities analysts expect that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.52 EPS for the current fiscal year.

Corporacion Inmobiliaria Vesta Increases Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were given a $0.2181 dividend. This represents a yield of 61.0%. This is a boost from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. The ex-dividend date of this dividend was Tuesday, May 5th. Corporacion Inmobiliaria Vesta’s dividend payout ratio is presently 4.91%.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its stake 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 acquiring an additional 10,236 shares during the period. ABC Arbitrage SA increased its stake in shares of Corporacion Inmobiliaria Vesta by 148.8% during the fourth quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock worth $4,401,000 after acquiring an additional 86,328 shares during the period. Lazard Asset Management LLC increased its stake 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 acquiring an additional 19,967 shares during the period. Finally, Centersquare Investment Management LLC increased its stake in shares of Corporacion Inmobiliaria Vesta by 4.9% during the third quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock worth $10,357,000 after acquiring an additional 17,110 shares during the period. 6.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VTMX. Barclays boosted their price target on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Zacks Research raised shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Friday, May 22nd. Finally, Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.00.

Corporacion Inmobiliaria Vesta Company Profile

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.