Achutegui Juan Felipe Sottil Sells 97,488 Shares of Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) CFO Achutegui Juan Felipe Sottil sold 97,488 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $3.49, for a total transaction of $340,233.12. Following the sale, the chief financial officer directly owned 1,254,120 shares of the company’s stock, valued at approximately $4,376,878.80. The trade was a 7.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Corporacion Inmobiliaria Vesta Trading Down 0.6%

Shares of VTMX stock opened at $33.78 on Friday. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 1 year low of $24.99 and a 1 year high of $37.41. The firm has a fifty day moving average price of $34.85 and a 200-day moving average price of $33.08. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.66 and a quick ratio of 5.66. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 3.06 and a beta of 0.64.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its quarterly earnings data on Friday, April 24th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $73.32 million. As a group, equities analysts predict that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.52 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Centersquare Investment Management LLC boosted its holdings in shares of Corporacion Inmobiliaria Vesta by 4.9% during the 3rd quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock valued at $10,357,000 after purchasing an additional 17,110 shares during the last quarter. ABC Arbitrage SA boosted its holdings in shares of Corporacion Inmobiliaria Vesta by 148.8% during the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock valued at $4,401,000 after purchasing an additional 86,328 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Corporacion Inmobiliaria Vesta by 38.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock valued at $1,017,000 after purchasing an additional 10,236 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in shares of Corporacion Inmobiliaria Vesta by 6.6% during the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock valued at $8,803,000 after purchasing an additional 19,967 shares during the last quarter. Institutional investors own 6.61% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on VTMX. Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. Zacks Research raised shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Barclays upped their target price 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.00.

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.