Insider Selling: Corporacion Inmobiliaria Vesta (NYSE:VTMX) CEO Sells 4,128 Shares of Company Stock

Key Points

• CEO Lorenzo Berho sold 4,128 shares at an average $3.71, totaling about $15,315; he retained approximately 3.23 million shares. The article also notes substantial additional insider sales in recent transactions.
• Vesta reported quarterly EPS of $1.18, beating the $0.46 consensus estimate, while revenue of $79.56 million slightly exceeded expectations.
• Analysts’ consensus rating is Hold, with a $42 average price target. The company’s quarterly dividend annualizes to $0.80 per share, a reported yield of 2.1%.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) CEO Lorenzo Berho sold 4,128 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $3.71, for a total transaction of $15,314.88. Following the transaction, the chief executive officer directly owned 3,229,071 shares in the company, valued at approximately $11,979,853.41. This represents a 0.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, November 9th, Lorenzo Berho sold 150,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.81, for a total value of $571,500.00.
• On Friday, November 6th, Lorenzo Berho sold 39,831 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.72, for a total value of $148,171.32.
• On Friday, October 30th, Lorenzo Berho sold 250,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.62, for a total value of $905,000.00.
• 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 value 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 Stock Up 1.8%

Corporacion Inmobiliaria Vesta stock traded up $0.68 during mid-day trading on Monday, reaching $38.30. The stock had a trading volume of 133,188 shares, compared to its average volume of 86,173. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.46 and a current ratio of 3.46. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a fifty-two week low of $29.63 and a fifty-two week high of $38.50. The stock's 50-day simple moving average is $34.48 and its 200-day simple moving average is $34.20. The firm has a market capitalization of $3.69 billion, a PE ratio of 6.98, a price-to-earnings-growth ratio of 3.76 and a beta of 0.59.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The company reported $1.18 EPS for the quarter, beating 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. On average, sell-side 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 firm also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Stockholders of record on Wednesday, October 14th were given 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 dividend yield of 2.1%. Corporacion Inmobiliaria Vesta's payout ratio is presently 12.20%.

Wall Street Analyst Weigh In

Separately, 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 research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $42.00.

Corporacion Inmobiliaria Vesta News Roundup

Here are the key news stories impacting Corporacion Inmobiliaria Vesta this week:

• Negative Sentiment: CEO Lorenzo Berho sold a combined 200,000 shares across four transactions, worth about $757,000 at the reported prices. Insider Romero Pucheu sold 120,000 shares—39.7% of his reported position—and Diego Berho Carranza sold a combined 53,911 shares. In total, the reported sales amounted to 373,911 shares. CEO sales filing Pucheu sales filing Carranza sales filing

About Corporacion Inmobiliaria Vesta

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