Carranza Diego Berho Sells 200,000 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 200,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $3.41, for a total transaction of $682,000.00. Following the sale, the insider directly owned 1,585,194 shares of the company’s stock, valued at $5,405,511.54. The trade was a 11.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Corporacion Inmobiliaria Vesta Price Performance

Shares of Corporacion Inmobiliaria Vesta stock traded up $0.06 during trading hours on Friday, reaching $34.14. 61,930 shares of the company’s stock were exchanged, compared to its average volume of 88,174. 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. The company has a market capitalization of $2.89 billion, a P/E ratio of 8.82, a price-to-earnings-growth ratio of 3.42 and a beta of 0.67. The business has a fifty day moving average of $34.39 and a two-hundred day moving average of $32.79. The company has a quick ratio of 5.66, a current ratio of 5.66 and a debt-to-equity ratio of 0.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings data on Friday, April 24th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.85. Corporacion Inmobiliaria Vesta had a net margin of 111.99% and a return on equity of 12.23%. The firm had revenue of $76.75 million during the quarter, compared to analyst estimates of $73.32 million. As a group, research analysts predict that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.3 earnings per share for the current fiscal year.

Corporacion Inmobiliaria Vesta Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were issued a $0.2181 dividend. This is an increase from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. This represents a dividend yield of 61.0%. The ex-dividend date of this dividend was Tuesday, May 5th. Corporacion Inmobiliaria Vesta’s payout ratio is currently 4.91%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of VTMX. BNP Paribas Financial Markets lifted its position in Corporacion Inmobiliaria Vesta by 38.1% in the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock valued at $1,017,000 after buying an additional 10,236 shares during the last quarter. Lazard Asset Management LLC lifted its position in Corporacion Inmobiliaria Vesta by 6.6% in the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock valued at $8,803,000 after buying an additional 19,967 shares during the last quarter. Centersquare Investment Management LLC lifted its position in Corporacion Inmobiliaria Vesta by 4.9% in the third quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock valued at $10,357,000 after buying an additional 17,110 shares during the last quarter. Finally, ABC Arbitrage SA lifted its position in Corporacion Inmobiliaria Vesta by 148.8% in the fourth quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock valued at $4,401,000 after buying an additional 86,328 shares during the last quarter. Institutional investors and hedge funds own 6.61% of the company’s stock.

Analysts Set New Price Targets

VTMX has been the subject of a number of analyst reports. Zacks Research raised shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Weiss Ratings raised shares of Corporacion Inmobiliaria Vesta from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, February 24th. Wall Street Zen lowered shares of Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Barclays upped their price objective on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Corporacion Inmobiliaria Vesta currently has an average rating of “Moderate Buy” and an average 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.