Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock: Insider Carranza Lorenzo Dominiq Berho Sells 250,000 Shares

Key Points

• CEO Lorenzo Berho sold 250,000 Vesta shares at an average price of $3.62, generating $905,000 and reducing his direct ownership by 7.18% to 3.23 million shares. He also sold 350,000 shares in October and 60,000 in August.
• Vesta reported quarterly EPS of $1.18, beating analyst expectations of $0.46, while revenue of $79.56 million was slightly above estimates.
• The stock has a consensus “Hold” rating from analysts, with an average price target of $42.00; the company also pays an annualized dividend of $0.80 per share, yielding about 2.2%.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) CEO Lorenzo Berho sold 250,000 shares of the business's stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $3.62, for a total value of $905,000.00. Following the completion of the transaction, the chief executive officer directly owned 3,233,199 shares of the company's stock, valued at $11,704,180.38. The trade was a 7.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Thursday, October 29th, Lorenzo Berho sold 350,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.65, for a total transaction of $1,277,500.00.
• On Friday, August 21st, Lorenzo Berho sold 60,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.58, for a total value of $214,800.00.

Corporacion Inmobiliaria Vesta Price Performance

VTMX traded up $0.36 during trading on Monday, hitting $36.45. The company's stock had a trading volume of 37,921 shares, compared to its average volume of 85,087. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 6.64, a P/E/G ratio of 3.61 and a beta of 0.59. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a twelve month low of $29.45 and a twelve month high of $38.29. The business's fifty day simple moving average is $34.31 and its 200 day simple moving average is $34.08. The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 0.33.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last announced its 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. The business had revenue of $79.56 million during the quarter, compared to analysts' expectations of $79.15 million. Corporacion Inmobiliaria Vesta had a return on equity of 16.24% and a net margin of 156.69%. On average, equities research analysts forecast 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Wednesday, October 14th were paid a dividend of $0.1999 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Wednesday, October 14th. Corporacion Inmobiliaria Vesta's dividend payout ratio is presently 12.20%.

Wall Street Analysts Forecast Growth

VTMX has been the topic of several recent analyst reports. Zacks Research lowered shares of Corporacion Inmobiliaria Vesta from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 6th. 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 investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Corporacion Inmobiliaria Vesta currently has a consensus rating of "Hold" and an average target price of $42.00.

Corporacion Inmobiliaria Vesta Company Profile

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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