Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock: Insider Carranza Lorenzo Dominiq Berho Sells 4,128 Shares

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) CEO Lorenzo Berho sold 4,128 shares of the company’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $3.71, for a total value of $15,314.88. Following the transaction, the chief executive officer directly owned 3,229,071 shares in the company, valued at $11,979,853.41. This trade represents a 0.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, November 9th, Lorenzo Berho sold 150,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.81, for a total value of $571,500.00.
• On Friday, November 6th, Lorenzo Berho sold 39,831 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.72, for a total value of $148,171.32.
• On Friday, October 30th, Lorenzo Berho sold 250,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.62, for a total value of $905,000.00.
• On Thursday, October 29th, Lorenzo Berho sold 350,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.65, for a total transaction of $1,277,500.00.
• On Friday, August 21st, Lorenzo 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 Stock Down 0.7%

Shares of NYSE:VTMX opened at $38.06 on Wednesday. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a one year low of $29.63 and a one year high of $38.50. The company has a 50 day moving average of $34.63 and a 200-day moving average of $34.26. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.46 and a quick ratio of 3.46. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 6.94, a P/E/G ratio of 3.83 and a beta of 0.59.

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

Corporacion Inmobiliaria Vesta Dividend Announcement

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

Corporacion Inmobiliaria Vesta News Summary

Here are the key news stories impacting Corporacion Inmobiliaria Vesta this week:

• Negative Sentiment: CEO Lorenzo Berho and other insiders reported selling a combined 373,911 shares in recent transactions. Berho accounted for 200,000 shares, while insider Romero Pucheu sold 120,000 shares—about 40% of his reported position—and Diego Berho Carranza sold 53,911 shares. The volume of insider selling could raise concerns about near-term selling pressure, although Berho retained a substantial stake. Insider sale report

Analysts Set New Price Targets

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 equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.