Corporacion Inmobiliaria Vesta (NYSE:VTMX) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Trading volume surged 548% to 556,330 shares, versus an average of 85,902; VTMX last traded at $38.17.
• Analysts maintain a consensus Hold rating, with an average price target of $42. Weiss Ratings upgraded its assessment from “hold (c)” to “hold (c+).”
• Vesta reported quarterly EPS of $1.18, beating the $0.46 consensus estimate, and revenue of $79.56 million, slightly above expectations. The company also recently paid a quarterly dividend of about $0.20 per share.

Shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) saw an uptick in trading volume on Wednesday. 556,330 shares traded hands during trading, an increase of 548% from the average daily volume of 85,902 shares. The stock last traded at $38.17 and had previously closed at $38.00.

Analysts Set New Price Targets

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

Corporacion Inmobiliaria Vesta Stock Down 0.3%

The firm's fifty day moving average price is $34.63 and its two-hundred day moving average price is $34.26. 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 stock has a market cap of $3.65 billion, a price-to-earnings ratio of 6.91, a price-to-earnings-growth ratio of 3.83 and a beta of 0.59.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last announced its quarterly earnings data on Thursday, October 22nd. The company reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.72. The firm had revenue of $79.56 million during the quarter, compared to analysts' expectations of $79.15 million. Corporacion Inmobiliaria Vesta had a return on equity of 16.24% and a net margin of 156.69%. Sell-side analysts forecast that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 earnings per share 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 dividend of $0.1999 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Wednesday, October 14th. Corporacion Inmobiliaria Vesta's payout ratio is presently 12.20%.

Insider Transactions at Corporacion Inmobiliaria Vesta

In related news, insider Romero Pucheu sold 120,000 shares of the business's stock in a transaction on Friday, November 6th. The stock was sold at an average price of $3.73, for a total transaction of $447,600.00. Following the sale, the insider directly owned 182,287 shares in the company, valued at approximately $679,930.51. The trade was a 39.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Diego Berho Carranza sold 23,911 shares of the firm's stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $3.75, for a total transaction of $89,666.25. Following the completion of the transaction, the insider owned 1,582,750 shares of the company's stock, valued at $5,935,312.50. This trade represents a 1.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,913,352 shares of company stock valued at $7,022,858.

About Corporacion Inmobiliaria Vesta

Corporación Inmobiliaria Vesta, S.A.B. de C.V., known as Vesta, is a Mexican real estate company that develops, owns and leases industrial properties. Its portfolio includes industrial parks, manufacturing facilities and logistics properties such as warehouses and distribution centers. The company serves businesses seeking space for manufacturing, storage and distribution, including through facilities developed to meet tenants' specific requirements. Vesta operates in industrial markets across Mexico.

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