Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock: Insider Carranza Diego Berho Sells 53,065 Shares

Key Points

• Insider Diego Berho Carranza sold 53,065 Vesta shares for about $201,116, reducing his holding by 3.35% to 1,529,685 shares. The article also lists several additional sales by Carranza in recent weeks.
• Vesta reported quarterly earnings of $1.18 per share, beating the $0.46 consensus estimate; revenue of $79.56 million also slightly topped expectations.
• Analysts’ consensus rating is Hold, with an average price target of $42. The company’s annualized dividend is about $0.80 per share, a 2.1% yield.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) insider Diego Berho Carranza sold 53,065 shares of the firm's stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $3.79, for a total transaction of $201,116.35. Following the completion of the transaction, the insider owned 1,529,685 shares of the company's stock, valued at approximately $5,797,506.15. This trade represents a 3.35% 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, November 10th, Diego Berho Carranza sold 50,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.83, for a total transaction of $191,500.00.
• 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $21,642.12.

Corporacion Inmobiliaria Vesta Trading Up 0.3%

Shares of VTMX stock traded up $0.10 during trading hours on Thursday, hitting $37.97. 132,867 shares of the company's stock traded hands, compared to its average volume of 88,826. The stock has a market cap of $3.65 billion, a PE ratio of 6.92, a price-to-earnings-growth ratio of 3.80 and a beta of 0.59. The stock's 50 day simple moving average is $34.70 and its 200 day simple moving average is $34.29. 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, S.A.B. de C.V. Sponsored ADR has a 12 month low of $29.63 and a 12 month high of $38.59.

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, sell-side analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 EPS for the current year.

Corporacion Inmobiliaria Vesta Announces Dividend

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

Analysts Set New Price Targets

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 investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $42.00.

Corporacion Inmobiliaria Vesta Company Profile

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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