Carranza Diego Berho Sells 10,000 Shares of Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Carranza Diego Berho sold 10,000 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $3.44, for a total value of $34,400.00. Following the completion of the transaction, the insider owned 1,835,194 shares of the company’s stock, valued at $6,313,067.36. This trade represents a 0.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Carranza Diego Berho also recently made the following trade(s):

• On Friday, May 29th, Carranza Diego Berho sold 20,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.52, for a total value of $70,400.00.
• On Tuesday, May 26th, Carranza Diego Berho sold 10,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.44, for a total value of $34,400.00.
• On Wednesday, May 20th, Carranza Diego Berho sold 200,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.41, for a total value of $682,000.00.

Corporacion Inmobiliaria Vesta Stock Performance

Shares of VTMX stock opened at $33.92 on Friday. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 3.05 and a beta of 0.64. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.66 and a quick ratio of 5.66. The business has a fifty day moving average of $34.93 and a 200 day moving average of $33.19. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 1 year low of $24.99 and a 1 year high of $37.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its earnings results on Friday, April 24th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.85. The company had revenue of $76.75 million during the quarter, compared to analyst estimates of $73.32 million. Corporacion Inmobiliaria Vesta had a return on equity of 12.23% and a net margin of 111.99%. As a group, research analysts expect that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.52 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Wednesday, May 13th. Shareholders of record on Tuesday, May 5th were paid a dividend of $0.2181 per share. This represents a dividend yield of 61.0%. The ex-dividend date was Tuesday, May 5th. This is an increase from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is 4.91%.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

Several institutional investors and hedge funds have recently modified their holdings of VTMX. ABC Arbitrage SA increased its stake in shares of Corporacion Inmobiliaria Vesta by 148.8% in the 4th 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. Lazard Asset Management LLC increased its stake in shares of Corporacion Inmobiliaria Vesta by 6.6% in the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock valued at $8,803,000 after purchasing an additional 19,967 shares in the last quarter. Centersquare Investment Management LLC increased its stake in shares of Corporacion Inmobiliaria Vesta by 4.9% in the 3rd quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock valued at $10,357,000 after purchasing an additional 17,110 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of 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 purchasing an additional 10,236 shares in the last quarter. Hedge funds and other institutional investors own 6.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on VTMX shares. Wall Street Zen upgraded Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. Zacks Research upgraded Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Barclays lifted their price objective on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

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.