Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock: Insider Corona Lorenzo Manuel Berho Sells 128,959 Shares

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Chairman Lorenzo Berho sold 128,959 shares of Corporacion Inmobiliaria Vesta stock in a transaction dated Thursday, November 12th. The stock was sold at an average price of $3.77, for a total value of $486,175.43. Following the sale, the chairman owned 20,554,269 shares of the company’s stock, valued at approximately $77,489,594.13. This represents a 0.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Corona Lorenzo Manuel Berho also recently made the following trade(s):

• On Wednesday, August 26th, Lorenzo Berho sold 33,442 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.51, for a total transaction of $117,381.42.

Corporacion Inmobiliaria Vesta Trading Down 1.5%

NYSE:VTMX traded down $0.57 on Friday, reaching $37.45. The stock had a trading volume of 121,796 shares, compared to its average volume of 157,283. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 12-month low of $29.63 and a 12-month high of $38.59. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 6.82, a P/E/G ratio of 3.35 and a beta of 0.59. The firm’s fifty day moving average is $34.83 and its two-hundred day moving average is $34.35. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.46 and a quick ratio of 3.46.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.72. The business had revenue of $79.56 million during the quarter, compared to the consensus estimate of $79.15 million. Corporacion Inmobiliaria Vesta had a net margin of 156.69% and a return on equity of 16.24%. Equities analysts expect that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.39 EPS for the current fiscal year.

Corporacion Inmobiliaria Vesta Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Wednesday, October 14th were paid a $0.1999 dividend. This represents a $0.80 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, October 14th. Corporacion Inmobiliaria Vesta’s payout ratio is presently 12.20%.

Wall Street Analysts Forecast Growth

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

Top Corporacion Inmobiliaria Vesta Stories

Investors following VTMX have been watching these stories:

• Positive Sentiment: Brokerages’ consensus price target is $42, above the roughly $38 reference price cited in the reports, indicating potential upside. The overall analyst rating is Hold. Article: Vesta consensus target price
• Neutral Sentiment: Vesta’s Investor Day transcript provides company-strategy discussion, but the supplied coverage does not identify specific new targets or decisions likely to change the outlook. Article: Vesta Investor Day transcript
• Negative Sentiment: Several company insiders sold shares, including CFO Juan Felipe Sottil Achutegui, who sold 200,000 shares and reduced his position by 32.81%; Chairman Lorenzo Berho, who sold 128,959 shares; and insider Romero Pucheu, who sold 70,000 shares. Diego Berho Carranza also reported multiple sales. The volume of selling could weigh on sentiment, although insider sales do not necessarily signal a worsening business outlook. SEC filing: CFO sale SEC filing: chairman sale Article: Insider sales

Corporacion Inmobiliaria Vesta Company Profile

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.