Insider Selling: Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Sells $209,269.50 in Stock

Key Points

• Insider sale: Romero Pucheu sold 57,650 Vesta shares for approximately $209,270, reducing the position by 13.98% and retaining 354,637 shares.
• Financial performance: Vesta reported quarterly EPS of $1.18, beating estimates of $0.46, while revenue reached $79.56 million versus the $79.15 million consensus.
• Stock and outlook: Shares rose 1% to $36.45, while analysts maintained a consensus “Hold” rating with an average price target of $42.00. The company also pays an annualized dividend of $0.80, yielding about 2.2%.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) insider Romero Pucheu sold 57,650 shares of the stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $3.63, for a total value of $209,269.50. Following the completion of the transaction, the insider owned 354,637 shares in the company, valued at approximately $1,287,332.31. The trade was a 13.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Corporacion Inmobiliaria Vesta Stock Up 1.0%

NYSE VTMX traded up $0.36 during trading hours on Monday, hitting $36.45. The company's stock had a trading volume of 37,921 shares, compared to its average volume of 85,087. 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 company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 0.33. The company's 50-day simple moving average is $34.31 and its two-hundred day simple moving average is $34.08. The company has a market capitalization of $3.51 billion, a PE ratio of 6.64, a price-to-earnings-growth ratio of 3.61 and a beta of 0.59.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last posted its 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 during the quarter, compared to analyst estimates of $79.15 million. Research analysts anticipate 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 paid a $0.1999 dividend. 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 presently 12.20%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on VTMX. Zacks Research lowered Corporacion Inmobiliaria Vesta from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Weiss Ratings upgraded shares of Corporacion Inmobiliaria Vesta from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, October 26th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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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