Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock: Insider Achutegui Juan Felipe Sottil Sells 313,839 Shares

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) CFO Juan Felipe Sottil Achutegui sold 313,839 shares of the company’s stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $3.64, for a total value of $1,142,373.96. Following the completion of the sale, the chief financial officer owned 940,281 shares in the company, valued at $3,422,622.84. This represents a 25.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Corporacion Inmobiliaria Vesta Stock Performance

Shares of VTMX traded down $0.14 during trading hours on Thursday, hitting $36.25. The company had a trading volume of 228,116 shares, compared to its average volume of 84,936. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 12 month low of $29.45 and a 12 month high of $38.29. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.33. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 6.61, a PEG ratio of 3.75 and a beta of 0.66. The business has a fifty day moving average of $34.23 and a 200-day moving average of $34.04.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings results on Thursday, October 22nd. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $0.46 by $0.72. Corporacion Inmobiliaria Vesta had a net margin of 156.69% and a return on equity of 16.24%. The business had revenue of $79.56 million for the quarter, compared to the consensus estimate of $79.15 million. Equities analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.90 EPS for the current fiscal year.

Corporacion Inmobiliaria Vesta Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Wednesday, October 14th were given a dividend of $0.1999 per share. The ex-dividend date was Wednesday, October 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.2%. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is currently 12.20%.

Analysts Set New Price Targets

Several brokerages recently commented on VTMX. Weiss Ratings raised shares of Corporacion Inmobiliaria Vesta from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Zacks Research downgraded Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $42.00.

About Corporacion Inmobiliaria Vesta

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.