Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock: Insider Achutegui Juan Felipe Sottil Sells 200,000 Shares

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) CFO Juan Felipe Sottil Achutegui sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $3.80, for a total value of $760,000.00. Following the completion of the sale, the chief financial officer owned 409,567 shares of the company’s stock, valued at approximately $1,556,354.60. This represents a 32.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Achutegui Juan Felipe Sottil also recently made the following trade(s):

• On Wednesday, November 4th, Juan Felipe Sottil Achutegui sold 330,714 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.71, for a total value of $1,226,948.94.
• On Wednesday, October 28th, Juan Felipe Sottil Achutegui sold 313,839 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.64, for a total value of $1,142,373.96.

Corporacion Inmobiliaria Vesta Stock Up 0.3%

VTMX stock traded up $0.10 during trading on Thursday, reaching $37.97. 132,867 shares of the stock were exchanged, compared to its average volume of 88,826. The firm’s 50 day moving average is $34.70 and its 200 day moving average is $34.29. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a twelve month low of $29.63 and a twelve month high of $38.59. The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 0.33. The firm has a market cap of $3.65 billion, a P/E ratio of 6.92, a price-to-earnings-growth ratio of 3.80 and a beta of 0.59.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced 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. 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 analyst estimates of $79.15 million. As a group, research analysts forecast that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 EPS for the current year.

Corporacion Inmobiliaria Vesta Announces Dividend

The company also recently announced 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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, October 14th. Corporacion Inmobiliaria Vesta’s dividend payout ratio is presently 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 report on Monday, October 26th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $42.00.

Corporacion Inmobiliaria Vesta Company Profile

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.