Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Sells $682,000.00 in Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Carranza Diego Berho sold 200,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $3.41, for a total transaction of $682,000.00. Following the completion of the transaction, the insider owned 1,585,194 shares of the company’s stock, valued at approximately $5,405,511.54. This represents a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Corporacion Inmobiliaria Vesta Price Performance

NYSE:VTMX traded up $0.06 during trading hours on Friday, reaching $34.14. 61,930 shares of the company were exchanged, compared to its average volume of 88,174. The company has a current ratio of 5.66, a quick ratio of 5.66 and a debt-to-equity ratio of 0.41. The stock’s 50-day moving average is $34.39 and its 200-day moving average is $32.79. The firm has a market cap of $2.89 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 3.42 and a beta of 0.67. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a twelve month low of $24.99 and a twelve month high of $37.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings data on Friday, April 24th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.85. The company 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%. On average, sell-side analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.3 earnings per share for the current fiscal year.

Corporacion Inmobiliaria Vesta Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Wednesday, May 13th. Shareholders of record on Tuesday, May 5th were given a dividend of $0.2181 per share. This is a boost from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. This represents a yield of 61.0%. The ex-dividend date was Tuesday, May 5th. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is currently 4.91%.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets grew its holdings 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 buying an additional 10,236 shares in the last quarter. ABC Arbitrage SA grew its holdings 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 buying an additional 86,328 shares in the last quarter. Lazard Asset Management LLC grew its holdings 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 buying an additional 19,967 shares in the last quarter. Finally, Centersquare Investment Management LLC grew its holdings 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 buying an additional 17,110 shares in the last quarter. Hedge funds and other institutional investors own 6.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Weiss Ratings upgraded shares of Corporacion Inmobiliaria Vesta from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, February 24th. Barclays upped their price objective on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Wall Street Zen cut shares of Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Zacks Research upgraded Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $40.00.

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.