Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Sells 120,000 Shares of Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Romero Pucheu sold 120,000 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $3.73, for a total value of $447,600.00. Following the completion of the sale, the insider directly owned 182,287 shares in the company, valued at $679,930.51. This trade represents a 39.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Romero Alejandro Pucheu also recently made the following trade(s):

• On Tuesday, November 3rd, Romero Pucheu sold 52,350 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.64, for a total value of $190,554.00.
• On Friday, October 30th, Romero Pucheu sold 57,650 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.63, for a total value of $209,269.50.

Corporacion Inmobiliaria Vesta Stock Performance

VTMX stock traded up $0.76 on Monday, reaching $38.38. 16,200 shares of the company were exchanged, compared to its average volume of 85,626. The firm has a market capitalization of $3.69 billion, a PE ratio of 7.01, a PEG ratio of 3.76 and a beta of 0.59. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 12 month low of $29.63 and a 12 month high of $38.44. The stock’s fifty day moving average price is $34.48 and its 200 day moving average price is $34.20. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.46 and a quick ratio of 3.46.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings results on Thursday, October 22nd. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.72. The company had revenue of $79.56 million for the quarter, compared to analyst estimates of $79.15 million. Corporacion Inmobiliaria Vesta had a net margin of 156.69% and a return on equity of 16.24%. On average, research analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 EPS for the current fiscal year.

Corporacion Inmobiliaria Vesta Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Wednesday, October 14th were given a dividend of $0.1999 per share. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is 12.20%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Corporacion Inmobiliaria Vesta from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, October 26th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $42.00.

About Corporacion Inmobiliaria Vesta