Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Carranza Diego Berho Sells 3,814 Shares of Company Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Diego Berho Carranza sold 3,814 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $3.65, for a total transaction of $13,921.10. Following the sale, the insider directly owned 1,711,661 shares of the company’s stock, valued at approximately $6,247,562.65. The trade was a 0.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Friday, September 4th, Diego Berho Carranza sold 6,219 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.48, for a total transaction of $21,642.12.

Corporacion Inmobiliaria Vesta Stock Up 0.6%

Shares of VTMX opened at $36.31 on Tuesday. The company has a market capitalization of $3.49 billion, a P/E ratio of 6.62, a PEG ratio of 3.64 and a beta of 0.66. 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, S.A.B. de C.V. Sponsored ADR has a one year low of $29.45 and a one year high of $38.29. The business’s 50 day simple moving average is $34.32 and its 200-day simple moving average is $34.11.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings results on Thursday, October 22nd. The company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.72. Corporacion Inmobiliaria Vesta had a return on equity of 16.24% and a net margin of 156.69%. The firm had revenue of $79.56 million during the quarter, compared to analysts’ expectations of $79.15 million. As a group, sell-side analysts predict that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 EPS for the current fiscal year.

Corporacion Inmobiliaria Vesta Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Stockholders of record on Wednesday, October 14th were issued a dividend of $0.1999 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Wednesday, October 14th. Corporacion Inmobiliaria Vesta’s dividend payout ratio is presently 12.20%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on VTMX shares. Zacks Research cut Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings raised shares of Corporacion Inmobiliaria Vesta from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, October 26th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $42.00.

Corporacion Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, SAB. de C.V., commonly known as Vesta, is a Mexican industrial real estate company focused on the development, acquisition, ownership, leasing and management of industrial properties. Its portfolio is designed to support manufacturing, logistics, distribution and other business operations.

Vesta provides industrial buildings, build-to-suit facilities and logistics-oriented properties for domestic and international companies. The company’s properties are located in major industrial markets across Mexico, including regions serving automotive, aerospace, electronics, logistics and other manufacturing activities.

Vesta was established in Mexico in 1998 and has expanded its platform alongside the country’s manufacturing and nearshoring industries.