Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Carranza Diego Berho Sells 6,219 Shares

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Carranza Diego Berho sold 6,219 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $3.48, for a total value of $21,642.12. Following the transaction, the insider owned 1,715,475 shares in the company, valued at approximately $5,969,853. This trade represents a 0.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Tuesday, June 30th, Carranza Diego Berho sold 3,500 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.41, for a total value of $11,935.00.

Corporacion Inmobiliaria Vesta Stock Performance

Shares of NYSE VTMX opened at $34.06 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.26 and a quick ratio of 4.26. The stock’s fifty day moving average price is $34.38 and its two-hundred day moving average price is $34.38. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a one year low of $25.59 and a one year high of $37.41. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 7.41, a P/E/G ratio of 3.58 and a beta of 0.64.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings data on Wednesday, July 1st. The company reported $1.09 earnings per share for the quarter. The firm 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%. On average, equities analysts forecast that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.9 EPS for the current year.

Corporacion Inmobiliaria Vesta Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th were given a dividend of $0.1999 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, July 14th. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is currently 14.78%.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

Several institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its stake in Corporacion Inmobiliaria Vesta by 38.1% during the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock worth $1,017,000 after buying an additional 10,236 shares in the last quarter. Lazard Asset Management LLC increased its holdings in 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 buying an additional 19,967 shares during the period. Finally, ABC Arbitrage SA raised its position in shares of Corporacion Inmobiliaria Vesta by 148.8% in 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. Institutional investors own 6.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VTMX. Wall Street Zen downgraded shares of Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Wednesday, August 19th. Zacks Research cut Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, UBS Group increased their price target on Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Two 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, the company currently has an average rating of “Hold” and a consensus price target 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.