Corporacion Inmobiliaria Vesta (NYSE:VTMX) CEO Sells 150,000 Shares of Stock

Key Points

• CEO Lorenzo Berho sold 150,000 Vesta shares at an average of $3.81, for $571,500; he retained 3,033,199 shares after the sale, a 4.71% reduction in his ownership.
• Other recent insider sales were also reported, including Berho’s earlier sales and transactions by two additional insiders.
• Vesta reported quarterly EPS of $1.18, beating the $0.46 consensus estimate, while revenue of $79.56 million slightly exceeded forecasts. Analysts’ consensus rating was “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 150,000 shares of the business's stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $3.81, for a total transaction of $571,500.00. Following the transaction, the chief executive officer owned 3,033,199 shares in the company, valued at $11,556,488.19. The trade was a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Friday, November 6th, Lorenzo Berho sold 39,831 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.72, for a total transaction of $148,171.32.
• 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 transaction 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 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 stock was sold at an average price of $3.58, for a total transaction of $214,800.00.

Corporacion Inmobiliaria Vesta Price Performance

VTMX traded up $0.68 during trading on Monday, reaching $38.30. The company's stock had a trading volume of 133,188 shares, compared to its average volume of 86,173. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 6.98, a PEG ratio of 3.76 and a beta of 0.59. The firm has a fifty day simple moving average of $34.48 and a two-hundred day simple moving average of $34.20. 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. 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 (NYSE:VTMX - Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.72. The business had revenue of $79.56 million during 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, analysts anticipate 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Wednesday, October 14th were given a dividend of $0.1999 per share. 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 (DPR) is presently 12.20%.

More Corporacion Inmobiliaria Vesta News

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 Upgrades and Downgrades

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 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.com, Corporacion Inmobiliaria Vesta currently has a consensus rating of "Hold" and an average target price of $42.00.

About Corporacion Inmobiliaria Vesta

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