Corporacion Inmobiliaria Vesta (NYSE:VTMX) CFO Sells 330,714 Shares of Company Stock

Key Points

• CFO Juan Felipe Sottil Achutegui sold 330,714 shares at an average $3.71 each, totaling about $1.23 million. The sale reduced his holdings by 35.17%, to 609,567 shares.
• Vesta reported quarterly EPS of $1.18, beating the $0.46 analyst consensus; revenue was $79.56 million, slightly above estimates.
• Analysts’ consensus rating is Hold, with a $42 target price. The company’s annualized dividend is $0.80 per share, a 2.2% yield.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) CFO Juan Felipe Sottil Achutegui sold 330,714 shares of Corporacion Inmobiliaria Vesta stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $3.71, for a total value of $1,226,948.94. Following the completion of the sale, the chief financial officer owned 609,567 shares of the company's stock, valued at $2,261,493.57. This trade represents a 35.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Achutegui Juan Felipe Sottil also recently made the following trade(s):

• On Wednesday, October 28th, Juan Felipe Sottil Achutegui sold 313,839 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.64, for a total transaction of $1,142,373.96.

Corporacion Inmobiliaria Vesta Trading Down 0.8%

Shares of VTMX stock traded down $0.29 during trading hours on Thursday, hitting $36.72. 101,631 shares of the company were exchanged, compared to its average volume of 117,844. The firm has a market cap of $3.53 billion, a PE ratio of 6.69, a PEG ratio of 3.70 and a beta of 0.59. 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 $38.29. 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 firm has a fifty day moving average of $34.42 and a 200 day moving average of $34.17.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last released its 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 firm had revenue of $79.56 million during the quarter, compared to the consensus estimate of $79.15 million. Corporacion Inmobiliaria Vesta had a net margin of 156.69% and a return on equity of 16.24%. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Wednesday, October 14th were issued a $0.1999 dividend. The ex-dividend date was Wednesday, October 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.2%. Corporacion Inmobiliaria Vesta's dividend payout ratio (DPR) is presently 12.20%.

Wall Street Analyst Weigh In

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

About Corporacion Inmobiliaria Vesta

Corporación Inmobiliaria Vesta, SAB. de C.V., commonly known as Vesta, is a Mexican industrial real estate company focused on the development, acquisition, ownership, leasing and management of industrial properties. Its portfolio is designed to support manufacturing, logistics, distribution and other business operations.

Vesta provides industrial buildings, build-to-suit facilities and logistics-oriented properties for domestic and international companies. The company's properties are located in major industrial markets across Mexico, including regions serving automotive, aerospace, electronics, logistics and other manufacturing activities.

Vesta was established in Mexico in 1998 and has expanded its platform alongside the country's manufacturing and nearshoring industries.

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