Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR $VTMX Stock Holdings Lowered by Centersquare Investment Management LLC

Centersquare Investment Management LLC lowered its position in shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) by 9.8% in the 4th quarter, Holdings Channel reports. The fund owned 330,340 shares of the company’s stock after selling 35,762 shares during the period. Centersquare Investment Management LLC’s holdings in Corporacion Inmobiliaria Vesta were worth $10,072,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of VTMX. ABC Arbitrage SA grew its position in shares of 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 last quarter. Lazard Asset Management LLC grew its position in Corporacion Inmobiliaria Vesta by 6.6% in the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock valued at $8,803,000 after buying an additional 19,967 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Corporacion Inmobiliaria Vesta by 38.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock valued at $1,017,000 after buying an additional 10,236 shares in the last quarter. Institutional investors own 6.61% of the company’s stock.

Analyst Upgrades and Downgrades

VTMX has been the subject of a number of recent analyst reports. Barclays increased their target price on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Friday, May 22nd. Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. Finally, Zacks Research raised shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. One equities 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 MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.00.

Insider Activity at Corporacion Inmobiliaria Vesta

In other Corporacion Inmobiliaria Vesta news, insider Colmenares Sergio Raul Martin sold 34,239 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $3.42, for a total transaction of $117,097.38. Following the completion of the sale, the insider directly owned 1,800 shares of the company’s stock, valued at approximately $6,156. This represents a 95.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Carranza Diego Berho sold 10,000 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $3.44, for a total transaction of $34,400.00. Following the sale, the insider directly owned 1,835,194 shares of the company’s stock, valued at $6,313,067.36. This represents a 0.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 2,222,984 shares of company stock valued at $7,643,098.

Corporacion Inmobiliaria Vesta Price Performance

VTMX stock opened at $33.92 on Friday. The company has a current ratio of 5.66, a quick ratio of 5.66 and a debt-to-equity ratio of 0.41. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a one year low of $24.99 and a one year high of $37.41. The firm has a market capitalization of $2.87 billion, a PE ratio of 8.76, a P/E/G ratio of 3.05 and a beta of 0.64. The firm has a 50-day moving average of $34.93 and a two-hundred day moving average of $33.19.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings data on Friday, April 24th. The company reported $1.25 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 company had revenue of $76.75 million during the quarter, compared to analyst estimates of $73.32 million. On average, analysts forecast 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 disclosed an annual dividend, which was paid on Wednesday, May 13th. Shareholders of record on Tuesday, May 5th were paid a dividend of $0.2181 per share. This is a boost from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. This represents a yield of 61.0%. The ex-dividend date of this dividend was Tuesday, May 5th. Corporacion Inmobiliaria Vesta’s payout ratio is currently 4.91%.

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.