Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Sells $209,269.50 in Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Romero Pucheu sold 57,650 shares of the business’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $3.63, for a total transaction of $209,269.50. Following the transaction, the insider owned 354,637 shares in the company, valued at $1,287,332.31. The trade was a 13.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 transaction of $190,554.00.

Corporacion Inmobiliaria Vesta Trading Up 2.9%

VTMX opened at $37.09 on Thursday. 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 $38.29. 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 company has a market cap of $3.57 billion, a P/E ratio of 6.76, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59. The company has a fifty day moving average price of $34.37 and a two-hundred day moving average price of $34.15.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings data on Thursday, October 22nd. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.72. The firm had revenue of $79.56 million for the quarter, compared to analyst estimates of $79.15 million. Corporacion Inmobiliaria Vesta had a net margin of 156.69% and a return on equity of 16.24%. Analysts predict 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Wednesday, October 14th were given a $0.1999 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Wednesday, October 14th. Corporacion Inmobiliaria Vesta’s payout ratio is presently 12.20%.

Analyst Ratings Changes

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 stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.