Corporacion Inmobiliaria Vesta (NYSE:VTMX) CEO Carranza Lorenzo Dominiq Berho Sells 39,831 Shares of Company Stock

Key Points

• CEO Lorenzo Berho sold 39,831 shares at an average $3.72, for about $148,171, reducing his stake by 1.24% while retaining 3,183,199 shares. The article also reports substantial recent share sales by Berho and other insiders.
• Vesta reported quarterly earnings of $1.18 per share, beating the $0.46 consensus estimate; revenue was $79.56 million, slightly above forecasts.
• The company paid a quarterly dividend of $0.1999 per share, equivalent to an annualized yield of about 2.1%. Analysts’ consensus rating is Hold, with an average price target of $42.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) CEO Lorenzo Berho sold 39,831 shares of the company's stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $3.72, for a total transaction of $148,171.32. Following the completion of the sale, the chief executive officer owned 3,183,199 shares of the company's stock, valued at approximately $11,841,500.28. This trade represents a 1.24% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 stock was sold at an average price of $3.81, for a total transaction of $571,500.00.
• On Wednesday, November 4th, Lorenzo Berho sold 4,128 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.71, for a total transaction of $15,314.88.
• On Friday, October 30th, Lorenzo Berho sold 250,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.62, for a total transaction of $905,000.00.
• On Thursday, October 29th, Lorenzo Berho sold 350,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.65, for a total transaction of $1,277,500.00.
• On Friday, August 21st, Lorenzo Berho sold 60,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were 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 Corporacion Inmobiliaria Vesta stock traded up $0.68 during midday trading on Monday, hitting $38.30. The company's stock had a trading volume of 133,188 shares, compared to its average volume of 86,173. The firm has a market capitalization of $3.69 billion, a P/E ratio of 6.98, a PEG ratio of 3.76 and a beta of 0.59. The stock 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. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 1-year low of $29.63 and a 1-year high of $38.50.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.72. The firm had revenue of $79.56 million for the quarter, compared to analyst estimates of $79.15 million. Corporacion Inmobiliaria Vesta had a return on equity of 16.24% and a net margin of 156.69%. As a group, sell-side analysts expect 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 firm also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Wednesday, October 14th were paid a dividend of $0.1999 per share. 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 12.20%.

Key Headlines Impacting 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

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Corporacion Inmobiliaria Vesta from a "hold (c)" rating to a "hold (c+)" rating in a 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 stock. Based on data from MarketBeat.com, Corporacion Inmobiliaria Vesta currently has a consensus rating of "Hold" and an average price target of $42.00.

Corporacion Inmobiliaria Vesta Company Profile

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