Corporacion Inmobiliaria Vesta (NYSE:VTMX) VP Melgar Pablo Barcos Sells 6,154 Shares of Company Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) VP Melgar Pablo Barcos sold 6,154 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $3.51, for a total value of $21,600.54. Following the sale, the vice president owned 5,000 shares of the company’s stock, valued at approximately $17,550. This trade represents a 55.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Corporacion Inmobiliaria Vesta Stock Performance

NYSE:VTMX traded up $0.33 on Wednesday, hitting $33.70. The stock had a trading volume of 49,163 shares, compared to its average volume of 82,350. The business’s 50-day simple moving average is $33.85 and its two-hundred day simple moving average is $34.22. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 7.34, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. 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 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 released its quarterly earnings results on Wednesday, July 1st. The company reported $1.09 EPS for the quarter. Corporacion Inmobiliaria Vesta had a net margin of 132.22% and a return on equity of 14.20%. The firm had revenue of $78.50 million during the quarter. As a group, research analysts predict that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.9 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Wednesday, October 14th will be issued a dividend of $0.1999 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, October 14th. Corporacion Inmobiliaria Vesta’s dividend payout ratio is currently 14.78%.

Analyst Upgrades and Downgrades

VTMX has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Wednesday, August 19th. Wall Street Zen cut Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Zacks Research downgraded Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, UBS Group boosted 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. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Corporacion Inmobiliaria Vesta has an average rating of “Hold” and an average target price of $42.00.

About Corporacion Inmobiliaria Vesta

Corporación Inmobiliaria Vesta, SAB. de C.V., operating under the Vesta name, is a Mexican industrial real estate company that develops, owns, leases and operates industrial properties. Its portfolio is focused on facilities used for manufacturing, logistics, distribution and related business activities.

Vesta provides industrial space in Mexico through properties located in established and emerging manufacturing and logistics markets. The company serves domestic and international businesses, including manufacturers and supply-chain operators, and develops facilities that can support both standardized requirements and build-to-suit occupancy needs.

Founded in 1998, Vesta has expanded its presence alongside Mexico’s manufacturing and nearshoring sectors.