Insider Selling: Corporacion Inmobiliaria Vesta (NYSE:VTMX) CEO Sells 39,831 Shares of Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) CEO Lorenzo Berho sold 39,831 shares of the stock in a transaction on Friday, November 6th. The stock was sold at an average price of $3.72, for a total value of $148,171.32. Following the sale, the chief executive officer owned 3,183,199 shares of the company’s stock, valued at approximately $11,841,500.28. This represents a 1.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Monday, November 9th, Lorenzo Berho sold 150,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.81, for a total value of $571,500.00.
• On Wednesday, November 4th, Lorenzo Berho sold 4,128 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.71, for a total value of $15,314.88.
• On Friday, October 30th, Lorenzo Berho sold 250,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.62, for a total value of $905,000.00.
• On Thursday, October 29th, Lorenzo Berho sold 350,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.65, for a total value of $1,277,500.00.
• On Friday, August 21st, Lorenzo Berho sold 60,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.58, for a total value of $214,800.00.

Corporacion Inmobiliaria Vesta Stock Up 1.8%

Shares of VTMX traded up $0.68 during midday trading on Monday, reaching $38.30. 133,188 shares of the stock were exchanged, compared to its average volume of 86,173. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 12-month low of $29.63 and a 12-month high of $38.50. The firm has a 50 day simple moving average of $34.48 and a 200-day simple moving average of $34.20. 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 company has a market cap of $3.69 billion, a price-to-earnings ratio of 6.98, a P/E/G ratio of 3.76 and a beta of 0.59.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released 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 firm had revenue of $79.56 million for the quarter, compared to the consensus estimate of $79.15 million. Corporacion Inmobiliaria Vesta had a return on equity of 16.24% and a net margin of 156.69%. Research analysts forecast that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 EPS for the current year.

Corporacion Inmobiliaria Vesta Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Wednesday, October 14th were given a $0.1999 dividend. This represents a $0.80 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, October 14th. Corporacion Inmobiliaria Vesta’s payout ratio is currently 12.20%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Corporacion Inmobiliaria Vesta from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, October 26th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Corporacion Inmobiliaria Vesta presently has an average rating of “Hold” and an average target price of $42.00.

Trending Headlines about Corporacion Inmobiliaria Vesta

Here are the key news stories impacting Corporacion Inmobiliaria Vesta this week:

• Negative Sentiment: CEO Lorenzo Berho sold a combined 200,000 shares across four transactions, worth about $757,000 at the reported prices. Insider Romero Pucheu sold 120,000 shares—39.7% of his reported position—and Diego Berho Carranza sold a combined 53,911 shares. In total, the reported sales amounted to 373,911 shares. CEO sales filing Pucheu sales filing Carranza sales filing

Corporacion Inmobiliaria Vesta Company Profile