Insider Selling: Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Sells $191,500.00 in Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Diego Berho Carranza sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $3.83, for a total value of $191,500.00. Following the completion of the sale, the insider directly owned 1,479,685 shares in the company, valued at $5,667,193.55. This trade represents a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, November 9th, Diego Berho Carranza sold 53,065 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.79, for a total value of $201,116.35.
• On Friday, November 6th, Diego Berho Carranza sold 23,911 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.75, for a total value of $89,666.25.
• On Thursday, November 5th, Diego Berho Carranza sold 30,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.70, for a total transaction of $111,000.00.
• On Wednesday, November 4th, Diego Berho Carranza sold 45,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.73, for a total transaction of $167,850.00.
• On Tuesday, November 3rd, Diego Berho Carranza sold 30,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.64, for a total transaction of $109,200.00.
• On Friday, October 30th, Diego Berho Carranza sold 3,814 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.65, for a total transaction of $13,921.10.
• On Friday, September 4th, Diego Berho Carranza sold 6,219 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.48, for a total transaction of $21,642.12.

Corporacion Inmobiliaria Vesta Price Performance

VTMX stock traded up $0.10 during trading on Thursday, reaching $37.97. 132,867 shares of the company were exchanged, compared to its average volume of 88,826. The company has a 50-day moving average of $34.70 and a two-hundred day moving average of $34.29. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 6.92, a P/E/G ratio of 3.80 and a beta of 0.59. 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 debt-to-equity ratio of 0.33, a current ratio of 3.46 and a quick ratio of 3.46.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its 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 net margin of 156.69% and a return on equity of 16.24%. The firm had revenue of $79.56 million for the quarter, compared to analyst estimates of $79.15 million. As a group, 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 business also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Stockholders of record on Wednesday, October 14th were issued 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%.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Corporacion Inmobiliaria Vesta from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, October 26th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Corporacion Inmobiliaria Vesta 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.