Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Castillo Cacho Guillermo Del Sells 3,400 Shares of Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Castillo Cacho Guillermo Del sold 3,400 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $3.37, for a total transaction of $11,458.00. Following the transaction, the insider owned 14,088 shares in the company, valued at approximately $47,476.56. This trade represents a 19.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Castillo Cacho Guillermo Del also recently made the following trade(s):

• On Tuesday, June 23rd, Castillo Cacho Guillermo Del sold 3,400 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.37, for a total transaction of $11,458.00.
• On Friday, May 22nd, Castillo Cacho Guillermo Del sold 8,500 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.41, for a total transaction of $28,985.00.

Corporacion Inmobiliaria Vesta Price Performance

Shares of NYSE:VTMX opened at $34.80 on Wednesday. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 52 week low of $25.59 and a 52 week high of $37.41. The company has a 50-day moving average price of $34.20 and a 200 day moving average price of $33.93. The company has a market cap of $2.94 billion, a P/E ratio of 7.57, a PEG ratio of 3.65 and a beta of 0.64. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.37.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings results on Wednesday, July 1st. The company reported $1.09 EPS for the quarter. Corporacion Inmobiliaria Vesta had a return on equity of 14.20% and a net margin of 132.22%.The business had revenue of $78.50 million during the quarter. Research analysts predict that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.82 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th were issued a dividend of $0.1999 per share. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. Corporacion Inmobiliaria Vesta’s payout ratio is currently 14.78%.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

Large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its stake 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 acquiring an additional 10,236 shares during the last quarter. Lazard Asset Management LLC raised its position in Corporacion Inmobiliaria Vesta by 6.6% during the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock worth $8,803,000 after acquiring an additional 19,967 shares during the last quarter. Finally, ABC Arbitrage SA lifted 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 in the last quarter. 6.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VTMX has been the subject of a number of research 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 report on Monday, May 4th. Wall Street Zen lowered Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Weiss Ratings restated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Friday, May 22nd. UBS Group raised their price objective on Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Finally, Zacks Research cut Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.