Corporacion Inmobiliaria Vesta (NYSE:VTMX) CEO Carranza Lorenzo Dominiq Berho Sells 60,000 Shares of Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) CEO Carranza Lorenzo Dominiq Berho sold 60,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $3.58, for a total transaction of $214,800.00. Following the transaction, the chief executive officer owned 3,833,109 shares in the company, valued at $13,722,530.22. The trade was a 1.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, June 29th, Carranza Lorenzo Dominiq Berho sold 50,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.42, for a total transaction of $171,000.00.
• On Thursday, May 28th, Carranza Lorenzo Dominiq Berho sold 64,366 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.50, for a total transaction of $225,281.00.

Corporacion Inmobiliaria Vesta Stock Performance

Shares of VTMX traded down $0.36 during trading hours on Tuesday, reaching $35.12. 59,163 shares of the company traded hands, compared to its average volume of 86,801. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.37. The business has a fifty day moving average price of $34.20 and a 200-day moving average price of $34.26. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 12-month low of $25.59 and a 12-month high of $37.41. The stock has a market capitalization of $2.97 billion, a P/E ratio of 7.64, a P/E/G ratio of 3.82 and a beta of 0.64.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its earnings results on Wednesday, July 1st. The company reported $1.09 earnings per share (EPS) for the quarter. Corporacion Inmobiliaria Vesta had a return on equity of 14.20% and a net margin of 132.22%.The company had revenue of $78.50 million during the quarter. Equities analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.82 EPS for the current fiscal year.

Corporacion Inmobiliaria Vesta Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th were issued a $0.1999 dividend. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.3%. Corporacion Inmobiliaria Vesta’s dividend payout ratio is currently 14.78%.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

Several hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets grew its stake 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 worth $1,017,000 after purchasing an additional 10,236 shares during the period. ABC Arbitrage SA increased its holdings in shares of 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 purchasing an additional 86,328 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake 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 valued at $8,803,000 after purchasing an additional 19,967 shares during the period. Hedge funds and other institutional investors own 6.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Zacks Research downgraded shares of Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Wall Street Zen downgraded shares of Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Barclays increased their price objective on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Weiss Ratings restated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Wednesday, August 19th. Finally, UBS Group upped their price target on shares of Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Corporacion Inmobiliaria Vesta currently has a consensus rating of “Hold” and a consensus target price of $42.00.

Corporacion Inmobiliaria Vesta Company Profile

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.