Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock: Insider Melgar Pablo Barcos Sells 6,154 Shares

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) VP Melgar Pablo Barcos sold 6,154 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $3.51, for a total transaction of $21,600.54. Following the completion of the transaction, the vice president directly owned 5,000 shares in the company, valued at $17,550. This represents a 55.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Corporacion Inmobiliaria Vesta Stock Up 1.0%

NYSE:VTMX opened at $33.96 on Friday. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average of $33.82 and a 200-day moving average of $34.24. The firm has a market capitalization of $2.87 billion, a PE ratio of 7.39, a price-to-earnings-growth ratio of 3.47 and a beta of 0.66. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 52 week low of $25.59 and a 52 week high of $37.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings results on Wednesday, July 1st. The company reported $1.09 earnings per share (EPS) for the quarter. The business had revenue of $78.50 million for the quarter. Corporacion Inmobiliaria Vesta had a return on equity of 14.20% and a net margin of 132.22%. Analysts predict that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.9 EPS for the current year.

Corporacion Inmobiliaria Vesta Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Wednesday, October 14th will be issued a dividend of $0.1999 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.4%. Corporacion Inmobiliaria Vesta’s payout ratio is 14.78%.

Analyst Ratings Changes

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

Corporacion Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, SAB. de C.V., operating under the Vesta name, is a Mexican industrial real estate company that develops, owns, leases and operates industrial properties. Its portfolio is focused on facilities used for manufacturing, logistics, distribution and related business activities.

Vesta provides industrial space in Mexico through properties located in established and emerging manufacturing and logistics markets. The company serves domestic and international businesses, including manufacturers and supply-chain operators, and develops facilities that can support both standardized requirements and build-to-suit occupancy needs.

Founded in 1998, Vesta has expanded its presence alongside Mexico’s manufacturing and nearshoring sectors.