Corporacion Inmobiliaria Vesta (NYSE:VTMX) CEO Sells 60,000 Shares

Key Points

• CEO Carranza Lorenzo Dominiq Berho sold 60,000 VTMX shares at an average price of $3.58, for proceeds of $214,800. He retains 3.83 million shares valued at approximately $13.7 million and has also sold shares in June and May.
• Vesta reported quarterly revenue of $78.5 million and EPS of $1.09, while maintaining a quarterly dividend of $0.1999 per share, equivalent to a 2.3% yield.
• Analysts have a consensus “Hold” rating and an average price target of $42, compared with the reported share price of $35.12; institutional investors own 6.61% of the company.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) CEO Carranza Lorenzo Dominiq Berho sold 60,000 shares of the company's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $3.58, for a total value of $214,800.00. Following the completion of the sale, the chief executive officer owned 3,833,109 shares of the company's stock, valued at $13,722,530.22. This represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, June 29th, Carranza Lorenzo Dominiq Berho sold 50,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.42, for a total value of $171,000.00.
• On Thursday, May 28th, Carranza Lorenzo Dominiq Berho sold 64,366 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.50, for a total value of $225,281.00.

Corporacion Inmobiliaria Vesta Stock Down 1.0%

Shares of VTMX stock traded down $0.36 on Tuesday, hitting $35.12. The stock had a trading volume of 59,163 shares, compared to its average volume of 86,801. 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. The business has a 50 day moving average price of $34.20 and a 200 day moving average price of $34.26. The company has a market cap of $2.97 billion, a PE ratio of 7.64, a P/E/G ratio of 3.82 and a beta of 0.64. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.37.

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

Corporacion Inmobiliaria Vesta Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th were issued a dividend of $0.1999 per share. This represents a $0.80 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, July 14th. Corporacion Inmobiliaria Vesta's dividend payout ratio (DPR) is presently 14.78%.

Institutional Trading of Corporacion Inmobiliaria Vesta

Several hedge funds and other institutional investors have recently made changes to their positions in VTMX. BNP Paribas Financial Markets grew its stake in Corporacion Inmobiliaria Vesta by 38.1% during the 2nd 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 stake in Corporacion Inmobiliaria Vesta by 148.8% in the fourth quarter. ABC Arbitrage SA now owns 144,358 shares of the company's stock valued at $4,401,000 after buying an additional 86,328 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in Corporacion Inmobiliaria Vesta by 6.6% in the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company's stock worth $8,803,000 after acquiring an additional 19,967 shares in the last quarter. Hedge funds and other institutional investors own 6.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Weiss Ratings restated a "hold (c)" rating on shares of Corporacion Inmobiliaria Vesta in a report on Wednesday, August 19th. Zacks Research lowered Corporacion Inmobiliaria Vesta from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. UBS Group upped their price objective on Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the stock a "buy" rating in a research note on Thursday, June 18th. Barclays lifted their target price on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an "overweight" rating in a research note on Monday, May 4th. Finally, Wall Street Zen lowered shares of Corporacion Inmobiliaria Vesta from a "buy" rating to a "hold" rating in a research report on Saturday, June 20th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $42.00.

About Corporacion Inmobiliaria Vesta

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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