Insider Selling: Corporacion Inmobiliaria Vesta (NYSE:VTMX) CEO Sells $1,277,500.00 in Stock

Key Points

• CEO Carranza Lorenzo Dominiq Berho sold 350,000 VTMX shares at an average price of $3.65, totaling $1.28 million and reducing his direct ownership by 9.13% to 3.48 million shares.
• Vesta reported quarterly EPS of $1.18, significantly above the $0.46 consensus estimate, while revenue of $79.56 million slightly exceeded expectations. The company also paid a quarterly dividend of $0.1999, equivalent to a 2.2% annualized yield.
• Analysts maintain a consensus “Hold” rating with a $42 price target; two analysts rate the stock Buy and three rate it Hold.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) CEO Carranza Lorenzo Dominiq Berho sold 350,000 shares of the firm's stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $3.65, for a total transaction of $1,277,500.00. Following the transaction, the chief executive officer directly owned 3,483,199 shares in the company, valued at $12,713,676.35. The trade was a 9.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Friday, August 21st, Carranza Lorenzo Dominiq Berho sold 60,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.58, for a total value of $214,800.00.

Corporacion Inmobiliaria Vesta Stock Performance

Shares of VTMX stock traded down $0.17 during midday trading on Friday, hitting $36.12. The company had a trading volume of 124,946 shares, compared to its average volume of 85,110. The company's 50 day simple moving average is $34.28 and its 200 day simple moving average is $34.06. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 52-week low of $29.45 and a 52-week high of $38.29. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 6.59, a PEG ratio of 3.64 and a beta of 0.66. 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 issued its quarterly earnings results 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. Corporacion Inmobiliaria Vesta had a return on equity of 16.24% and a net margin of 156.69%. The firm had revenue of $79.56 million during the quarter, compared to the consensus estimate of $79.15 million. Research 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 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. This represents a $0.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Wednesday, October 14th. Corporacion Inmobiliaria Vesta's dividend payout ratio (DPR) is 12.20%.

Analyst Ratings Changes

Several research firms recently issued reports on VTMX. Weiss Ratings raised shares of Corporacion Inmobiliaria Vesta from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday. Zacks Research lowered Corporacion Inmobiliaria Vesta from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target 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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