Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock: Insider Carranza Diego Berho Sells 23,911 Shares

Key Points

• Insider Diego Berho Carranza sold 23,911 shares for $89,666 on November 6, reducing his position by 1.49%; he retained 1,582,750 shares.
• The sale followed several other recent disposals: Carranza sold a further 105,000 shares across November 3–5, in addition to earlier sales reported in the article.
• Vesta reported quarterly EPS of $1.18, beating the $0.46 consensus estimate, and revenue of $79.56 million. Analysts’ average rating was Hold, with a $42 price target; the company’s annualized dividend yield was 2.1%.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) insider Diego Berho Carranza sold 23,911 shares of the company's stock in a transaction on Friday, November 6th. The shares were sold at an average price of $3.75, for a total transaction of $89,666.25. Following the sale, the insider directly owned 1,582,750 shares in the company, valued at $5,935,312.50. This trade represents a 1.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• 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 stock was 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 stock was 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 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 2.0%

Shares of Corporacion Inmobiliaria Vesta stock traded up $0.76 on Monday, hitting $38.38. 16,200 shares of the company's stock traded hands, compared to its average volume of 85,626. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 7.00, a price-to-earnings-growth ratio of 3.76 and a beta of 0.59. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a one year low of $29.63 and a one year high of $38.44. The company has a fifty day moving average of $34.48 and a two-hundred day moving average of $34.20. 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 posted its quarterly earnings results on Thursday, October 22nd. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.72. Corporacion Inmobiliaria Vesta had a net margin of 156.69% and a return on equity of 16.24%. The firm had revenue of $79.56 million during the quarter, compared to the consensus estimate of $79.15 million. As a group, sell-side 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Stockholders of record on Wednesday, October 14th were paid a $0.1999 dividend. The ex-dividend date 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 currently 12.20%.

Analyst Upgrades and Downgrades

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 stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $42.00.

About Corporacion Inmobiliaria Vesta

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