Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Carranza Diego Berho Sells 30,000 Shares of Stock

Key Points

• Insider Diego Berho Carranza sold 30,000 Vesta shares at an average of $3.64, for $109,200. He retained 1,681,661 shares after the sale, a 1.75% reduction in his position.
• Vesta reported quarterly EPS of $1.18, beating analyst expectations of $0.46, while revenue of $79.56 million slightly exceeded estimates.
• The company paid a quarterly dividend of $0.1999 per share, equivalent to an annualized $0.80 and a 2.2% yield. 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) insider Diego Berho Carranza sold 30,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $3.64, for a total transaction of $109,200.00. Following the completion of the sale, the insider owned 1,681,661 shares in the company, valued at $6,121,246.04. This represents a 1.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, October 30th, Diego Berho Carranza sold 3,814 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.65, for a total value of $13,921.10.
• On Friday, September 4th, Diego Berho Carranza sold 6,219 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.48, for a total value of $21,642.12.

Corporacion Inmobiliaria Vesta Trading Up 2.9%

Shares of VTMX stock traded up $1.04 during mid-day trading on Wednesday, reaching $37.09. 167,709 shares of the stock traded hands, compared to its average volume of 85,928. The stock's fifty day simple moving average is $34.33 and its two-hundred day simple moving average is $34.13. 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 market cap of $3.57 billion, a price-to-earnings ratio of 6.76, a price-to-earnings-growth ratio of 3.63 and a beta of 0.59. 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 issued its quarterly earnings data on Thursday, October 22nd. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.72. The company had revenue of $79.56 million for the quarter, compared to analysts' expectations 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 anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 EPS for the current fiscal 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 paid a $0.1999 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, October 14th. Corporacion Inmobiliaria Vesta's payout ratio is currently 12.20%.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Corporacion Inmobiliaria Vesta from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, October 26th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average 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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