Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Carranza Diego Berho Sells 3,500 Shares

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Carranza Diego Berho sold 3,500 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $3.41, for a total transaction of $11,935.00. Following the completion of the transaction, the insider owned 1,721,694 shares in the company, valued at $5,870,976.54. The trade was a 0.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Monday, June 8th, Carranza Diego Berho sold 10,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.44, for a total transaction of $34,400.00.
• On Friday, May 29th, Carranza Diego Berho sold 20,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.52, for a total transaction of $70,400.00.
• On Tuesday, May 26th, Carranza Diego Berho sold 10,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.44, for a total value of $34,400.00.
• On Wednesday, May 20th, Carranza Diego Berho sold 200,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.41, for a total value of $682,000.00.

Corporacion Inmobiliaria Vesta Price Performance

Shares of Corporacion Inmobiliaria Vesta stock opened at $34.38 on Thursday. The stock has a market cap of $2.91 billion, a P/E ratio of 8.88, a P/E/G ratio of 3.10 and a beta of 0.64. The company has a debt-to-equity ratio of 0.41, a quick ratio of 5.66 and a current ratio of 5.66. The stock’s fifty day moving average is $34.58 and its 200 day moving average is $33.46. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a one year low of $24.99 and a one year high of $37.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.85. The business had revenue of $76.75 million during 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%. Sell-side analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.52 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Increases Dividend

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

Wall Street Analysts Forecast Growth

VTMX has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Zacks Research upgraded shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Friday, May 22nd. UBS Group raised their price objective on shares of Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Finally, Barclays lifted their target price on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.00.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

Several institutional investors have recently bought and sold shares of the stock. ABC Arbitrage SA grew its holdings in Corporacion Inmobiliaria Vesta by 148.8% during the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock valued at $4,401,000 after buying an additional 86,328 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Corporacion Inmobiliaria Vesta by 6.6% during the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock worth $8,803,000 after acquiring an additional 19,967 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Corporacion Inmobiliaria Vesta by 38.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock valued at $1,017,000 after acquiring an additional 10,236 shares during the last quarter. 6.61% of the stock is owned by hedge funds and other institutional investors.

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.