Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock: Insider Carranza Diego Berho Sells 45,000 Shares

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Diego Berho Carranza sold 45,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $3.73, for a total transaction of $167,850.00. Following the completion of the sale, the insider directly owned 1,636,661 shares in the company, valued at approximately $6,104,745.53. This trade represents a 2.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, November 3rd, Diego Berho Carranza sold 30,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.64, for a total value of $109,200.00.
• On Friday, October 30th, Diego Berho Carranza sold 3,814 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.65, for a total value of $13,921.10.
• On Friday, September 4th, Diego Berho Carranza sold 6,219 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.48, for a total transaction of $21,642.12.

Corporacion Inmobiliaria Vesta Stock Up 2.1%

Shares of Corporacion Inmobiliaria Vesta stock opened at $37.61 on Friday. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 6.86, a PEG ratio of 3.63 and a beta of 0.59. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a twelve month low of $29.63 and a twelve month high of $38.29. The business’s 50 day simple moving average is $34.48 and its 200-day simple moving average is $34.20. The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 0.33.

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

Corporacion Inmobiliaria Vesta Announces Dividend

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. The ex-dividend date was Wednesday, October 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. Corporacion Inmobiliaria Vesta’s dividend payout ratio is currently 12.20%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Corporacion Inmobiliaria Vesta from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, October 26th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently 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.