Corporacion Inmobiliaria Vesta (NYSE:VTMX) VP Sells 6,154 Shares of Stock

Key Points

• VP Melgar Pablo Barcos sold 6,154 VTMX shares for approximately $21,600, reducing his position by 55.17% to 5,000 shares.
• Vesta announced a quarterly dividend of $0.1999 per share, equivalent to roughly $0.80 annually and a 2.4% yield, payable October 22 to shareholders of record October 14.
• Analysts have a consensus “Hold” rating and an average price target of $42, while UBS raised its target to $43 and maintained a “Buy” rating.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) VP Melgar Pablo Barcos sold 6,154 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $3.51, for a total value of $21,600.54. Following the transaction, the vice president owned 5,000 shares in the company, valued at $17,550. This trade represents a 55.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Corporacion Inmobiliaria Vesta Stock Up 1.0%

Shares of VTMX traded up $0.33 on Wednesday, reaching $33.70. The stock had a trading volume of 49,163 shares, compared to its average volume of 82,350. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 7.34, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. 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 company has a 50-day simple moving average of $33.85 and a 200-day simple moving average of $34.22. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 12-month low of $25.59 and a 12-month high of $37.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 1st. The company reported $1.09 earnings per share for the quarter. The company had revenue of $78.50 million for the quarter. Corporacion Inmobiliaria Vesta had a return on equity of 14.20% and a net margin of 132.22%. Sell-side analysts predict that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.9 EPS for the current year.

Corporacion Inmobiliaria Vesta Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Wednesday, October 14th will be given a $0.1999 dividend. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.4%. Corporacion Inmobiliaria Vesta's dividend payout ratio is currently 14.78%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wall Street Zen lowered shares of Corporacion Inmobiliaria Vesta from a "buy" rating to a "hold" rating in a research note on Saturday, June 20th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Corporacion Inmobiliaria Vesta in a research note on Wednesday, August 19th. UBS Group lifted their target price 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. Finally, Zacks Research cut Corporacion Inmobiliaria Vesta from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $42.00.

About Corporacion Inmobiliaria Vesta

Corporación Inmobiliaria Vesta, SAB. de C.V., operating under the Vesta name, is a Mexican industrial real estate company that develops, owns, leases and operates industrial properties. Its portfolio is focused on facilities used for manufacturing, logistics, distribution and related business activities.

Vesta provides industrial space in Mexico through properties located in established and emerging manufacturing and logistics markets. The company serves domestic and international businesses, including manufacturers and supply-chain operators, and develops facilities that can support both standardized requirements and build-to-suit occupancy needs.

Founded in 1998, Vesta has expanded its presence alongside Mexico's manufacturing and nearshoring sectors.

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