Romero Alejandro Pucheu Sells 120,000 Shares of Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Romero Alejandro Pucheu sold 120,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $3.44, for a total transaction of $412,800.00. Following the completion of the transaction, the insider owned 462,287 shares in the company, valued at $1,590,267.28. This represents a 20.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Corporacion Inmobiliaria Vesta Stock Up 0.8%

Shares of Corporacion Inmobiliaria Vesta stock opened at $34.91 on Thursday. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 9.02, a P/E/G ratio of 3.42 and a beta of 0.67. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 52-week low of $24.99 and a 52-week high of $37.41. The company’s 50 day moving average price is $34.58 and its 200-day moving average price is $32.91. The company has a debt-to-equity ratio of 0.41, a quick ratio of 5.66 and a current ratio of 5.66.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its quarterly earnings data on Friday, April 24th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.85. The firm had revenue of $76.75 million for the quarter, compared to analyst estimates of $73.32 million. Corporacion Inmobiliaria Vesta had a return on equity of 12.23% and a net margin of 111.99%. Equities research analysts forecast that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.3 EPS for the current year.

Corporacion Inmobiliaria Vesta Increases Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were paid a $0.2181 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This is a positive change from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. This represents a yield of 61.0%. Corporacion Inmobiliaria Vesta’s payout ratio is 4.91%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on VTMX shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Friday, May 22nd. Wall Street Zen raised Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a research report on Sunday. Zacks Research raised Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Finally, Barclays raised their price objective on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

A number of hedge funds and other institutional investors have recently bought and sold shares of VTMX. ABC Arbitrage SA grew its holdings in Corporacion Inmobiliaria Vesta by 148.8% in the fourth quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock worth $4,401,000 after purchasing an additional 86,328 shares during the period. Lazard Asset Management LLC raised its position in shares of Corporacion Inmobiliaria Vesta by 6.6% in the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock worth $8,803,000 after purchasing an additional 19,967 shares during the last quarter. Centersquare Investment Management LLC raised its position in shares of Corporacion Inmobiliaria Vesta by 4.9% in the 3rd quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock worth $10,357,000 after purchasing an additional 17,110 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Corporacion Inmobiliaria Vesta by 38.1% in the 2nd 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. Hedge funds and other institutional investors 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.