Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Sells $21,642.12 in Stock

Key Points

• Insider sale: Carranza Diego Berho sold 6,219 VTMX shares at an average price of $3.48, worth $21,642.12, reducing his holdings by 0.36% to 1.72 million shares. He also sold 3,500 shares in June for $11,935.
• Company performance: Vesta reported quarterly EPS of $1.09 on revenue of $78.5 million, with a 132.22% net margin and 14.20% return on equity. The company declared an annualized dividend of $0.80 per share, yielding about 2.3%.
• Market outlook: Shares recently traded at $34.06, below the analyst consensus price target of $42.00. Ratings are mixed, resulting in an overall “Hold” consensus from analysts.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) insider Carranza Diego Berho sold 6,219 shares of the firm's stock in a transaction on Friday, September 4th. The stock was sold at an average price of $3.48, for a total value of $21,642.12. Following the completion of the transaction, the insider owned 1,715,475 shares of the company's stock, valued at $5,969,853. This trade represents a 0.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, June 30th, Carranza Diego Berho sold 3,500 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.41, for a total value of $11,935.00.

Corporacion Inmobiliaria Vesta Stock Performance

NYSE VTMX traded down $0.64 during trading hours on Tuesday, reaching $34.06. The stock had a trading volume of 43,328 shares, compared to its average volume of 66,077. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 52-week low of $25.59 and a 52-week high of $37.41. The stock has a fifty day moving average of $34.38 and a 200 day moving average of $34.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.26 and a current ratio of 4.26. The stock has a market cap of $2.88 billion, a P/E ratio of 7.41, a price-to-earnings-growth ratio of 3.58 and a beta of 0.64.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last announced its quarterly earnings data 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 during the quarter. Sell-side analysts predict that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.9 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in VTMX. ABC Arbitrage SA raised its position in Corporacion Inmobiliaria Vesta by 148.8% during the fourth quarter. ABC Arbitrage SA now owns 144,358 shares of the company's stock worth $4,401,000 after acquiring an additional 86,328 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Corporacion Inmobiliaria Vesta by 6.6% in the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company's stock valued at $8,803,000 after buying an additional 19,967 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in Corporacion Inmobiliaria Vesta by 38.1% during the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company's stock worth $1,017,000 after purchasing an additional 10,236 shares during the period. 6.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on VTMX shares. UBS Group upped their price objective on shares of Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the company a "buy" rating in a report on Thursday, June 18th. Weiss Ratings reissued a "hold (c)" rating on shares of Corporacion Inmobiliaria Vesta in a research note on Wednesday, August 19th. Wall Street Zen cut shares of Corporacion Inmobiliaria Vesta from a "buy" rating to a "hold" rating in a research report on Saturday, June 20th. Finally, Zacks Research downgraded Corporacion Inmobiliaria Vesta from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. 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 has a consensus 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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