Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Carranza Diego Berho Sells 3,500 Shares of Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Carranza Diego Berho sold 3,500 shares of Corporacion Inmobiliaria Vesta stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $3.41, for a total value of $11,935.00. Following the completion of the sale, the insider owned 1,721,694 shares in the company, valued at $5,870,976.54. This represents a 0.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Carranza Diego Berho also recently made the following trade(s):

• On Monday, June 8th, Carranza Diego Berho sold 10,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.44, for a total transaction of $34,400.00.
• On Friday, May 29th, Carranza Diego Berho sold 20,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.52, for a total transaction of $70,400.00.
• On Tuesday, May 26th, Carranza Diego Berho sold 10,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.44, for a total transaction of $34,400.00.
• On Wednesday, May 20th, Carranza Diego Berho sold 200,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.41, for a total value of $682,000.00.

Corporacion Inmobiliaria Vesta Trading Up 0.2%

Shares of NYSE VTMX traded up $0.07 during trading on Wednesday, reaching $34.38. The stock had a trading volume of 49,873 shares, compared to its average volume of 86,389. The company has a debt-to-equity ratio of 0.41, a quick ratio of 5.66 and a current ratio of 5.66. The company has a market cap of $2.91 billion, a P/E ratio of 8.88, a PEG ratio of 3.10 and a beta of 0.64. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a fifty-two week low of $24.99 and a fifty-two week high of $37.41. The business’s 50-day moving average price is $34.58 and its 200-day moving average price is $33.46.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $0.40 by $0.85. The business had revenue of $76.75 million during the quarter, compared to analyst estimates of $73.32 million. Corporacion Inmobiliaria Vesta had a net margin of 111.99% and a return on equity of 12.23%. On average, equities research analysts predict that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.52 EPS for the current fiscal 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 given a $0.2181 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a dividend yield of 61.0%. This is a boost from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. Corporacion Inmobiliaria Vesta’s payout ratio is currently 4.91%.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

Institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC raised its holdings in shares of Corporacion Inmobiliaria Vesta by 6.6% in the second 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 during the last quarter. ABC Arbitrage SA increased its holdings in shares of Corporacion Inmobiliaria Vesta by 148.8% in the fourth 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 period. Finally, BNP Paribas Financial Markets raised its stake in shares of Corporacion Inmobiliaria Vesta by 38.1% during the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock worth $1,017,000 after purchasing an additional 10,236 shares during the last quarter. 6.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on VTMX. Barclays lifted their price target on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. UBS Group upped their price target on Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Friday, May 22nd. Zacks Research raised shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Finally, Wall Street Zen downgraded shares of Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.00.

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.