Corporacion Inmobiliaria Vesta (NYSE:VTMX) CEO Sells 350,000 Shares of Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) CEO Carranza Lorenzo Dominiq Berho sold 350,000 shares of the business’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $3.65, for a total transaction of $1,277,500.00. Following the sale, the chief executive officer directly owned 3,483,199 shares in the company, valued at approximately $12,713,676.35. This represents a 9.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, August 21st, Carranza Lorenzo Dominiq Berho sold 60,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.58, for a total transaction of $214,800.00.

Corporacion Inmobiliaria Vesta Price Performance

Shares of VTMX stock traded down $0.17 during midday trading on Friday, reaching $36.12. 124,946 shares of the company traded hands, compared to its average volume of 85,110. The firm’s 50 day simple moving average is $34.28 and its two-hundred day simple moving average is $34.06. The firm has a market cap of $3.48 billion, a PE ratio of 6.59, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66. 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, S.A.B. de C.V. Sponsored ADR has a 1-year low of $29.45 and a 1-year high of $38.29.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings data on Thursday, October 22nd. The company reported $1.18 earnings per share for the quarter, beating 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 firm had revenue of $79.56 million during the quarter, compared to the consensus estimate of $79.15 million. On average, equities research analysts expect 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Wednesday, October 14th were paid a $0.1999 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Wednesday, October 14th. Corporacion Inmobiliaria Vesta’s dividend payout ratio is presently 12.20%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Weiss Ratings raised shares of Corporacion Inmobiliaria Vesta from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Zacks Research cut shares of Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Corporacion Inmobiliaria Vesta presently has an average rating of “Hold” and a consensus price target of $42.00.

Corporacion Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, SAB. de C.V., commonly known as Vesta, is a Mexican industrial real estate company focused on the development, acquisition, ownership, leasing and management of industrial properties. Its portfolio is designed to support manufacturing, logistics, distribution and other business operations.

Vesta provides industrial buildings, build-to-suit facilities and logistics-oriented properties for domestic and international companies. The company’s properties are located in major industrial markets across Mexico, including regions serving automotive, aerospace, electronics, logistics and other manufacturing activities.

Vesta was established in Mexico in 1998 and has expanded its platform alongside the country’s manufacturing and nearshoring industries.