Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Sells 50,000 Shares of Stock

Key Points

• Insider Diego Berho Carranza sold 50,000 Vesta shares at an average $3.83 each, totaling $191,500; he retained 1,479,685 shares after the transaction.
• Carranza also reported multiple sales in the preceding days, including 53,065 shares on November 9, continuing a series of disclosed share disposals.
• Vesta reported quarterly EPS of $1.18, beating the $0.46 analyst consensus, while analysts’ consensus rating remained “Hold” with a $42 average price target.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) insider Diego Berho Carranza sold 50,000 shares of Corporacion Inmobiliaria Vesta stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $3.83, for a total transaction of $191,500.00. Following the completion of the sale, the insider owned 1,479,685 shares of the company's stock, valued at approximately $5,667,193.55. The trade was a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, November 9th, Diego Berho Carranza sold 53,065 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.79, for a total value of $201,116.35.
• On Friday, November 6th, Diego Berho Carranza sold 23,911 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.75, for a total value of $89,666.25.
• On Thursday, November 5th, Diego Berho Carranza sold 30,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.70, for a total value of $111,000.00.
• On Wednesday, November 4th, Diego Berho Carranza sold 45,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.73, for a total value of $167,850.00.
• On Tuesday, November 3rd, Diego Berho Carranza sold 30,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.64, for a total value of $109,200.00.
• On Friday, October 30th, Diego Berho Carranza sold 3,814 shares of Corporacion Inmobiliaria Vesta stock. The shares were 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 stock was sold at an average price of $3.48, for a total value of $21,642.12.

Corporacion Inmobiliaria Vesta Price Performance

Shares of VTMX traded up $0.10 during trading hours on Thursday, hitting $37.97. 132,867 shares of the company were exchanged, compared to its average volume of 88,826. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 6.92, a P/E/G ratio of 3.80 and a beta of 0.59. 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 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's fifty day moving average is $34.70 and its 200 day moving average is $34.29.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The company reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.72. Corporacion Inmobiliaria Vesta had a return on equity of 16.24% and a net margin of 156.69%. The business had revenue of $79.56 million during the quarter, compared to the consensus estimate of $79.15 million. On average, equities analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 earnings per share for the current fiscal year.

Corporacion Inmobiliaria Vesta Dividend Announcement

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

Analyst Ratings Changes

Separately, Weiss Ratings upgraded 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 assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Corporacion Inmobiliaria Vesta presently has a consensus 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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