Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Zamorano Barron Laura Ramirez Sells 45,524 Shares of Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Zamorano Barron Laura Ramirez sold 45,524 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $3.50, for a total transaction of $159,334.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Corporacion Inmobiliaria Vesta Stock Performance

VTMX opened at $34.93 on Friday. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 52-week low of $24.99 and a 52-week high of $37.41. The company has a quick ratio of 5.66, a current ratio of 5.66 and a debt-to-equity ratio of 0.41. The company has a market cap of $2.95 billion, a P/E ratio of 9.03, a price-to-earnings-growth ratio of 3.45 and a beta of 0.67. The firm’s 50-day moving average price is $34.62 and its 200-day moving average price is $32.94.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings data on Friday, April 24th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.85. Corporacion Inmobiliaria Vesta had a net margin of 111.99% and a return on equity of 12.23%. The firm had revenue of $76.75 million for the quarter, compared to the consensus estimate of $73.32 million. As a group, equities analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.3 EPS for the current fiscal year.

Corporacion Inmobiliaria Vesta Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, May 13th. Stockholders of record on Tuesday, May 5th were issued a $0.2181 dividend. This is a boost from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. This represents a dividend yield of 61.0%. The ex-dividend date of this dividend was Tuesday, May 5th. Corporacion Inmobiliaria Vesta’s dividend payout ratio is currently 4.91%.

Analyst Upgrades and Downgrades

VTMX has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Friday, May 22nd. Wall Street Zen upgraded shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. Zacks Research upgraded shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Finally, Barclays increased their price target on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Centersquare Investment Management LLC lifted its holdings in shares of Corporacion Inmobiliaria Vesta by 4.9% in the 3rd quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock valued at $10,357,000 after buying an additional 17,110 shares during the period. ABC Arbitrage SA grew its holdings in Corporacion Inmobiliaria Vesta by 148.8% during the fourth quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock worth $4,401,000 after acquiring an additional 86,328 shares during the period. Lazard Asset Management LLC grew its holdings in Corporacion Inmobiliaria Vesta by 6.6% during the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock worth $8,803,000 after acquiring an additional 19,967 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings 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 acquiring an additional 10,236 shares during the period. 6.61% of the stock is currently owned by institutional investors and hedge funds.

About Corporacion Inmobiliaria Vesta

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.