Corporacion Inmobiliaria Vesta (NYSE:VTMX) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) saw unusually-high trading volume on Wednesday. 556,330 shares were traded during trading, an increase of 548% from the average daily volume of 85,902 shares. The stock last traded at $38.17 and had previously closed at $38.00.

Wall Street Analyst Weigh In

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

Corporacion Inmobiliaria Vesta Stock Performance

The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.46 and a current ratio of 3.46. The stock has a market cap of $3.65 billion, a PE ratio of 6.92, a price-to-earnings-growth ratio of 3.79 and a beta of 0.59. The firm has a fifty day moving average price of $34.77 and a 200 day moving average price of $34.32.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its earnings results on Thursday, October 22nd. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $79.15 million. Research analysts forecast that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 earnings per share for the current fiscal year.

Corporacion Inmobiliaria Vesta Announces Dividend

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

Insiders Place Their Bets

In other news, CFO Juan Felipe Sottil Achutegui sold 200,000 shares of the business’s stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $3.80, for a total transaction of $760,000.00. Following the sale, the chief financial officer owned 409,567 shares in the company, valued at approximately $1,556,354.60. The trade was a 32.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lorenzo Berho sold 150,000 shares of the business’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $3.81, for a total value of $571,500.00. Following the sale, the chief executive officer owned 3,033,199 shares in the company, valued at $11,556,488.19. The trade was a 4.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,211,917 shares of company stock worth $8,160,084 in the last three months.

About Corporacion Inmobiliaria Vesta

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.