Corporacion Inmobiliaria Vesta (NYSE:VTMX) CFO Sells $760,000.00 in Stock

Key Points

• CFO Juan Felipe Sottil Achutegui sold 200,000 shares for $760,000, reducing his position by 32.81% to 409,567 shares. The sale followed two earlier transactions in which he sold a combined roughly 645,000 shares.
• Vesta reported quarterly EPS of $1.18, beating the $0.46 consensus estimate; revenue of $79.56 million was also slightly above forecasts.
• Analysts have an average “Hold” rating and a $42 price target. The company’s quarterly dividend equates to an annualized $0.80 per share, or a 2.1% yield.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) CFO Juan Felipe Sottil Achutegui sold 200,000 shares of the business's stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $3.80, for a total transaction of $760,000.00. Following the completion of the transaction, the chief financial officer owned 409,567 shares in the company, valued at $1,556,354.60. This trade represents a 32.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, November 4th, Juan Felipe Sottil Achutegui sold 330,714 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.71, for a total transaction of $1,226,948.94.
• On Wednesday, October 28th, Juan Felipe Sottil Achutegui sold 313,839 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.64, for a total transaction of $1,142,373.96.

Corporacion Inmobiliaria Vesta Trading Up 0.3%

Shares of VTMX traded up $0.10 during trading hours on Thursday, hitting $37.97. 132,867 shares of the stock were exchanged, compared to its average volume of 88,826. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a fifty-two week low of $29.63 and a fifty-two week high of $38.59. The business has a 50-day moving average of $34.70 and a 200-day moving average of $34.29. The firm has a market capitalization of $3.65 billion, a P/E ratio of 6.92, a price-to-earnings-growth ratio of 3.80 and a beta of 0.59. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.46 and a quick ratio of 3.46.

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 the consensus estimate of $0.46 by $0.72. The business had revenue of $79.56 million for the quarter, compared to analyst estimates of $79.15 million. Corporacion Inmobiliaria Vesta had a net margin of 156.69% and a return on equity of 16.24%. On average, research analysts expect that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 EPS for the current year.

Corporacion Inmobiliaria Vesta Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Stockholders of record on Wednesday, October 14th were given a $0.1999 dividend. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.1%. Corporacion Inmobiliaria Vesta's dividend payout ratio (DPR) is 12.20%.

Wall Street Analyst Weigh In

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

About Corporacion Inmobiliaria Vesta

Corporación Inmobiliaria Vesta, S.A.B. de C.V., known as Vesta, is a Mexican real estate company that develops, owns and leases industrial properties. Its portfolio includes industrial parks, manufacturing facilities and logistics properties such as warehouses and distribution centers. The company serves businesses seeking space for manufacturing, storage and distribution, including through facilities developed to meet tenants' specific requirements. Vesta operates in industrial markets across Mexico.

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