Insider Selling: Corporacion Inmobiliaria Vesta (NYSE:VTMX) CFO Sells 313,839 Shares of Stock

Key Points

• Vesta CFO Juan Felipe Sottil Achutegui sold 313,839 shares at an average price of $3.64, generating approximately $1.14 million and reducing his direct stake by 25.02% to 940,281 shares.
• VTMX shares fell 0.4% to $36.25, while the company reported quarterly EPS of $1.18, beating analyst expectations of $0.46, and revenue of $79.56 million.
• Vesta paid a quarterly dividend of $0.1999 per share, equivalent to an annualized $0.80 dividend and a 2.2% yield. Analysts collectively rate the stock “Hold,” with a consensus price target of $42.00.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) CFO Juan Felipe Sottil Achutegui sold 313,839 shares of the business's stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $3.64, for a total value of $1,142,373.96. Following the completion of the sale, the chief financial officer directly owned 940,281 shares of the company's stock, valued at approximately $3,422,622.84. The trade was a 25.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Corporacion Inmobiliaria Vesta Stock Down 0.4%

Shares of VTMX stock traded down $0.14 on Thursday, hitting $36.25. The company's stock had a trading volume of 228,116 shares, compared to its average volume of 84,936. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 6.61, a P/E/G ratio of 3.75 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. The firm's fifty day moving average price is $34.23 and its 200-day moving average price is $34.04. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a fifty-two week low of $29.45 and a fifty-two week high of $38.29.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last released its quarterly 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 company had revenue of $79.56 million for the quarter, compared to analyst estimates of $79.15 million. Corporacion Inmobiliaria Vesta had a net margin of 156.69% and a return on equity of 16.24%. Research analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.90 EPS for the current year.

Corporacion Inmobiliaria Vesta Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VTMX. Weiss Ratings raised shares of Corporacion Inmobiliaria Vesta from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday. Zacks Research lowered 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus 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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