Insider Selling: Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Sells 3,814 Shares of Stock

Key Points

• Insider sale: Diego Berho Carranza sold 3,814 Vesta shares at an average price of $3.65, totaling $13,921.10. He retained 1,711,661 shares after the transaction, a 0.22% reduction in ownership.
• Quarterly performance and dividend: Vesta reported quarterly EPS of $1.18, beating the $0.46 analyst consensus, while revenue of $79.56 million was broadly in line with expectations. The company paid a $0.1999 quarterly dividend, equivalent to an annualized $0.80 payout and a 2.2% yield.
• Analyst view: Analysts maintain a consensus “Hold” rating, with two Buy ratings and three Holds and an average price target of $42.00.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) insider Diego Berho Carranza sold 3,814 shares of Corporacion Inmobiliaria Vesta stock in a transaction on Friday, October 30th. The shares were sold at an average price of $3.65, for a total value of $13,921.10. Following the completion of the transaction, the insider owned 1,711,661 shares in the company, valued at $6,247,562.65. This represents a 0.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• 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 Up 1.0%

Corporacion Inmobiliaria Vesta stock traded up $0.36 during trading hours on Monday, reaching $36.45. The stock had a trading volume of 37,921 shares, compared to its average volume of 85,087. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 6.64, a PEG ratio of 3.61 and a beta of 0.59. The business's 50 day moving average price is $34.31 and its 200-day moving average price is $34.08. 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 debt-to-equity ratio of 0.33, a current ratio of 3.46 and a quick ratio of 3.46.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.72. The firm had revenue of $79.56 million for the quarter, compared to the consensus estimate of $79.15 million. Corporacion Inmobiliaria Vesta had a net margin of 156.69% and a return on equity of 16.24%. Sell-side analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 EPS for the current year.

Corporacion Inmobiliaria Vesta Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VTMX. Zacks Research downgraded Corporacion Inmobiliaria Vesta from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 6th. 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 equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target 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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