Insider Selling: Corporacion Inmobiliaria Vesta (NYSE:VTMX) Director Sells 33,442 Shares

Key Points

• Director Corona Lorenzo Manuel Berho sold 33,442 VTMX shares at an average price of $3.51, worth approximately $117,381. Following the transaction, he retained 20.68 million shares, a 0.16% reduction in ownership.
• Vesta reported quarterly earnings of $1.09 per share on $78.5 million in revenue. The company also pays a quarterly dividend of $0.1999, equivalent to an annualized $0.80 and a 2.3% yield.
• Analysts maintain a consensus “Hold” rating with an average price target of $42.00, compared with a reported trading price of $34.56. Institutional investors own 6.61% of the company, with several firms recently increasing their positions.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) Director Corona Lorenzo Manuel Berho sold 33,442 shares of the firm's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $3.51, for a total value of $117,381.42. Following the sale, the director directly owned 20,683,228 shares in the company, valued at approximately $72,598,130.28. This trade represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Corona Lorenzo Manuel Berho also recently made the following trade(s):

• On Thursday, June 18th, Corona Lorenzo Manuel Berho sold 53,700 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.49, for a total value of $187,413.00.
• On Friday, June 19th, Corona Lorenzo Manuel Berho sold 4,513 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.45, for a total transaction of $15,569.85.
• On Monday, June 15th, Corona Lorenzo Manuel Berho sold 48,352 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.48, for a total value of $168,264.96.
• On Tuesday, June 9th, Corona Lorenzo Manuel Berho sold 1,648 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.43, for a total transaction of $5,652.64.

Corporacion Inmobiliaria Vesta Price Performance

Shares of NYSE VTMX traded up $0.12 during midday trading on Thursday, hitting $34.56. The stock had a trading volume of 39,559 shares, compared to its average volume of 86,157. The company has a market capitalization of $2.92 billion, a PE ratio of 7.52, a P/E/G ratio of 3.74 and a beta of 0.64. The stock has a 50 day simple moving average of $34.22 and a 200-day simple moving average of $34.31. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 1 year low of $25.59 and a 1 year high of $37.41. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.37.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 1st. The company reported $1.09 earnings per share for the quarter. The firm had revenue of $78.50 million for the quarter. Corporacion Inmobiliaria Vesta had a net margin of 132.22% and a return on equity of 14.20%. On average, sell-side analysts expect that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.82 EPS for the current fiscal year.

Corporacion Inmobiliaria Vesta Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th were paid a $0.1999 dividend. The ex-dividend date was Tuesday, July 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.3%. Corporacion Inmobiliaria Vesta's payout ratio is 14.78%.

Analysts Set New Price Targets

A number of research firms have recently commented on VTMX. Weiss Ratings reiterated a "hold (c)" rating on shares of Corporacion Inmobiliaria Vesta in a report on Wednesday, August 19th. Wall Street Zen cut Corporacion Inmobiliaria Vesta from a "buy" rating to a "hold" rating in a research note on Saturday, June 20th. UBS Group increased their price target on shares of Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the company a "buy" rating in a research note on Thursday, June 18th. Zacks Research cut shares of Corporacion Inmobiliaria Vesta from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Finally, Barclays upped their target price on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an "overweight" rating in a report on Monday, May 4th. 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, Corporacion Inmobiliaria Vesta has an average rating of "Hold" and a consensus target price of $42.00.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its stake in shares of Corporacion Inmobiliaria Vesta by 38.1% during the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company's stock worth $1,017,000 after purchasing an additional 10,236 shares during the last quarter. ABC Arbitrage SA increased its stake in Corporacion Inmobiliaria Vesta by 148.8% in the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company's stock valued at $4,401,000 after buying an additional 86,328 shares during the period. Finally, Lazard Asset Management LLC increased its stake in Corporacion Inmobiliaria Vesta by 6.6% in the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company's stock valued at $8,803,000 after buying an additional 19,967 shares during the period. Institutional investors and hedge funds own 6.61% of the company's stock.

About Corporacion Inmobiliaria Vesta

Corporación Inmobiliaria Vesta, trading as VTMX on the New York Stock Exchange, is a Mexico-based real estate investment trust (REIT) specializing in the development, acquisition and management of industrial properties. The company's portfolio primarily consists of warehouses, distribution centers and manufacturing facilities tailored to multinational corporations, logistics operators and other businesses seeking modern, well-connected industrial space in Mexico.

Vesta's core business activities include the design and construction of build-to-suit projects, the leasing of speculative and multi-tenant properties, and sale-leaseback transactions that convert existing facilities into long-term lease arrangements.

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