Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock: Insider Carranza Diego Berho Sells 3,814 Shares

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Diego Berho Carranza sold 3,814 shares of the company’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $3.65, for a total transaction of $13,921.10. Following the completion of the sale, the insider directly owned 1,711,661 shares in the company, valued at $6,247,562.65. This trade represents a 0.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, September 4th, Diego Berho Carranza sold 6,219 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.48, for a total transaction of $21,642.12.

Corporacion Inmobiliaria Vesta Stock Performance

Shares of VTMX stock traded up $0.36 on Monday, hitting $36.45. The company had a trading volume of 37,921 shares, compared to its average volume of 85,087. The company has a 50-day moving average price of $34.31 and a 200-day moving average price of $34.08. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.33. The firm has a market cap of $3.51 billion, a P/E ratio of 6.64, a price-to-earnings-growth ratio of 3.61 and a beta of 0.59. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a twelve month low of $29.45 and a twelve month high of $38.29.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its quarterly earnings data on Thursday, October 22nd. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.72. The business had revenue of $79.56 million for the quarter, compared to analysts’ expectations of $79.15 million. Corporacion Inmobiliaria Vesta had a net margin of 156.69% and a return on equity of 16.24%. As a group, equities research analysts predict that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 earnings per share for the current fiscal year.

Corporacion Inmobiliaria Vesta Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VTMX. Zacks Research lowered shares of Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings raised Corporacion Inmobiliaria Vesta from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, October 26th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $42.00.

Corporacion Inmobiliaria Vesta Company Profile

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.