Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Argueta Fernando Albert Cuevas Sells 4,500 Shares

Key Points

• Insider sale: Argueta Fernando Albert Cuevas sold 4,500 VTMX shares at an average of $3.42, totaling $15,390. He retains 242,961 shares, and has also sold 12,000 shares in a separate May transaction.
• Company performance: Vesta reported quarterly EPS of $1.09 on revenue of $78.5 million. The company also pays a quarterly dividend of $0.1999, equivalent to an annualized $0.80 and a 2.4% yield.
• Market outlook: VTMX recently traded at $33.76, while analysts maintain a consensus “Hold” rating with a $42 price target. Institutional investors own 6.61% of the company, with several firms recently increasing their positions.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) insider Argueta Fernando Albert Cuevas sold 4,500 shares of the company's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $3.42, for a total value of $15,390.00. Following the completion of the transaction, the insider directly owned 242,961 shares in the company, valued at $830,926.62. This represents a 1.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Argueta Fernando Albert Cuevas also recently made the following trade(s):

• On Wednesday, May 20th, Argueta Fernando Albert Cuevas sold 12,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.33, for a total value of $39,960.00.

Corporacion Inmobiliaria Vesta Price Performance

Shares of VTMX traded down $0.19 during trading hours on Monday, hitting $33.76. 40,828 shares of the company were exchanged, compared to its average volume of 82,670. The company has a market capitalization of $2.86 billion, a PE ratio of 7.34, a PEG ratio of 3.61 and a beta of 0.64. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.26 and a quick ratio of 4.26. The firm has a fifty day simple moving average of $34.12 and a 200-day simple moving average of $34.14. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a one year low of $25.59 and a one year high of $37.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last issued its earnings results on Wednesday, July 1st. The company reported $1.09 earnings per share (EPS) for the quarter. The business had revenue of $78.50 million for the quarter. Corporacion Inmobiliaria Vesta had a return on equity of 14.20% and a net margin of 132.22%. As a group, sell-side analysts predict that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.82 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th were issued a $0.1999 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, July 14th. Corporacion Inmobiliaria Vesta's dividend payout ratio (DPR) is presently 14.78%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on VTMX shares. Wall Street Zen downgraded shares of Corporacion Inmobiliaria Vesta from a "buy" rating to a "hold" rating in a research report on Saturday, June 20th. Barclays upped their price target on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Monday, May 4th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Corporacion Inmobiliaria Vesta in a research note on Friday, May 22nd. UBS Group lifted their price objective on shares of Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the stock a "buy" rating in a research report on Thursday, June 18th. Finally, Zacks Research downgraded shares of Corporacion Inmobiliaria Vesta from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 6th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $42.00.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

Several institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its holdings in Corporacion Inmobiliaria Vesta by 38.1% in 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 during the last quarter. ABC Arbitrage SA raised its holdings in shares of Corporacion Inmobiliaria Vesta by 148.8% during the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company's stock valued at $4,401,000 after purchasing an additional 86,328 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in shares of Corporacion Inmobiliaria Vesta by 6.6% during the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company's stock valued at $8,803,000 after purchasing an additional 19,967 shares in the last quarter. 6.61% of the stock is currently owned by institutional investors and hedge funds.

Corporacion Inmobiliaria Vesta Company Profile

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.

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