Corporacion Inmobiliaria Vesta (NYSE:VTMX) Sees Large Volume Increase – Should You Buy?

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) saw an uptick in trading volume on Wednesday. 556,330 shares traded hands during mid-day trading, an increase of 548% from the average daily volume of 85,902 shares. The stock last traded at $38.17 and had previously closed at $38.00.

Wall Street Analyst Weigh In

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 investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $42.00.

Corporacion Inmobiliaria Vesta Price Performance

The company has a market capitalization of $3.65 billion, a PE ratio of 6.91, a price-to-earnings-growth ratio of 3.83 and a beta of 0.59. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.33. The firm’s 50-day moving average is $34.63 and its 200-day moving average is $34.26.

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

Corporacion Inmobiliaria Vesta Dividend Announcement

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

Insider Transactions at Corporacion Inmobiliaria Vesta

In related news, insider Diego Berho Carranza sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $3.73, for a total transaction of $167,850.00. Following the transaction, the insider directly owned 1,636,661 shares of the company’s stock, valued at approximately $6,104,745.53. This trade represents a 2.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Juan Felipe Sottil Achutegui sold 330,714 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $3.71, for a total value of $1,226,948.94. Following the completion of the sale, the chief financial officer owned 609,567 shares of the company’s stock, valued at $2,261,493.57. The trade was a 35.17% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,913,352 shares of company stock valued at $7,022,858.

About Corporacion Inmobiliaria Vesta

Corporación Inmobiliaria Vesta, S.A.B. de C.V., known as Vesta, is a Mexican real estate company that develops, owns and leases industrial properties. Its portfolio includes industrial parks, manufacturing facilities and logistics properties such as warehouses and distribution centers. The company serves businesses seeking space for manufacturing, storage and distribution, including through facilities developed to meet tenants’ specific requirements. Vesta operates in industrial markets across Mexico.