Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock: Insider Romero Alejandro Pucheu Sells 70,000 Shares

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Romero Pucheu sold 70,000 shares of the firm’s stock in a transaction dated Thursday, November 12th. The stock was sold at an average price of $3.78, for a total value of $264,600.00. Following the completion of the transaction, the insider owned 112,287 shares of the company’s stock, valued at approximately $424,444.86. The trade was a 38.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Romero Alejandro Pucheu also recently made the following trade(s):

• On Friday, November 6th, Romero Pucheu sold 120,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.73, for a total value of $447,600.00.
• On Tuesday, November 3rd, Romero Pucheu sold 52,350 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.64, for a total value of $190,554.00.
• On Friday, October 30th, Romero Pucheu sold 57,650 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.63, for a total transaction of $209,269.50.

Corporacion Inmobiliaria Vesta Stock Performance

VTMX traded down $0.47 during trading on Friday, reaching $37.55. 88,533 shares of the company’s stock were exchanged, compared to its average volume of 88,812. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 1 year low of $29.63 and a 1 year high of $38.59. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.46 and a quick ratio of 3.46. The stock has a market capitalization of $3.61 billion, a P/E ratio of 6.84, a price-to-earnings-growth ratio of 3.79 and a beta of 0.59. The company’s fifty day simple moving average is $34.77 and its 200-day simple moving average is $34.32.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings data on Thursday, October 22nd. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $0.46 by $0.72. The business had revenue of $79.56 million during the quarter, compared to analysts’ expectations of $79.15 million. Corporacion Inmobiliaria Vesta had a net margin of 156.69% and a return on equity of 16.24%. As a group, research analysts predict 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 Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 2.1%. Corporacion Inmobiliaria Vesta’s payout ratio is currently 12.20%.

Key Headlines Impacting Corporacion Inmobiliaria Vesta

These are some of the VTMX headlines that stood out recently:

• Positive Sentiment: Brokerages’ consensus price target is $42, above the supplied reference price of $37.55, indicating potential upside. However, the consensus rating remains “Hold.” Article: Vesta consensus target price
• Neutral Sentiment: Vesta’s Analyst/Investor Day transcript discusses the company, but the supplied article details no specific new targets or decisions that would clearly change the investment outlook. Article: Vesta Investor Day transcript
• Negative Sentiment: Multiple insiders sold shares: Chairman Lorenzo Berho sold 128,959 shares; CFO Juan Felipe Sottil Achutegui sold 200,000, reducing his stake by 32.81%; and insider Romero Pucheu sold 70,000, reducing his stake by 38.40%. Diego Berho Carranza also sold shares in multiple transactions. The cluster of sales may weigh on sentiment, although insider sales do not necessarily signal a change in company prospects. SEC filing: chairman sale SEC filing: CFO sale SEC filing: insider sale

Analyst Ratings Changes

Separately, Weiss Ratings raised Corporacion Inmobiliaria Vesta from a “hold (c)” rating to a “hold (c+)” rating in a research 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 stock. Based on data from MarketBeat.com, 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, 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.