Insider Selling: Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Sells $167,850.00 in Stock

Key Points

• Insider Diego Berho Carranza sold 45,000 Vesta shares for $167,850, reducing his stake by 2.68% to 1,636,661 shares. He also sold 30,000 shares the previous day.
• Vesta reported quarterly EPS of $1.18, beating the $0.46 consensus estimate, while revenue of $79.56 million slightly exceeded expectations.
• Analysts’ average rating is Hold, with a consensus price target of $42. The company’s quarterly dividend equates to about $0.80 annually per share, a 2.2% yield.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) insider Diego Berho Carranza sold 45,000 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $3.73, for a total transaction of $167,850.00. Following the completion of the sale, the insider directly owned 1,636,661 shares of the company's stock, valued at $6,104,745.53. This trade represents a 2.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, November 3rd, Diego Berho Carranza sold 30,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.64, for a total transaction of $109,200.00.
• On Friday, October 30th, Diego Berho Carranza sold 3,814 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.65, for a total transaction of $13,921.10.
• On Friday, September 4th, Diego Berho Carranza sold 6,219 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.48, for a total transaction of $21,642.12.

Corporacion Inmobiliaria Vesta Stock Down 0.8%

Shares of VTMX stock traded down $0.29 on Thursday, hitting $36.72. The stock had a trading volume of 101,631 shares, compared to its average volume of 117,844. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 6.69, a P/E/G ratio of 3.70 and a beta of 0.59. The stock's 50 day moving average is $34.42 and its 200-day moving average is $34.17. 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 52-week low of $29.63 and a 52-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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.72. Corporacion Inmobiliaria Vesta had a net margin of 156.69% and a return on equity of 16.24%. The firm had revenue of $79.56 million for the quarter, compared to the consensus estimate of $79.15 million. As a group, research analysts expect that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Stockholders of record on Wednesday, October 14th were paid 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 dividend payout ratio (DPR) is currently 12.20%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Corporacion Inmobiliaria Vesta from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, October 26th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $42.00.

About Corporacion Inmobiliaria Vesta

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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