Corona Lorenzo Manuel Berho Sells 300,000 Shares of Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Director Corona Lorenzo Manuel Berho sold 300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $3.48, for a total transaction of $1,044,000.00. Following the sale, the director owned 20,874,883 shares in the company, valued at approximately $72,644,592.84. The trade was a 1.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Corona Lorenzo Manuel Berho also recently made the following trade(s):

• On Tuesday, May 26th, Corona Lorenzo Manuel Berho sold 200,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.48, for a total transaction of $696,000.00.
• On Wednesday, May 20th, Corona Lorenzo Manuel Berho sold 1,000,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.41, for a total transaction of $3,410,000.00.

Corporacion Inmobiliaria Vesta Price Performance

NYSE VTMX opened at $34.99 on Friday. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 12 month low of $24.99 and a 12 month high of $37.41. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 3.15 and a beta of 0.67. The company’s 50 day moving average is $34.66 and its two-hundred day moving average is $32.95. The company has a current ratio of 5.66, a quick ratio of 5.66 and a debt-to-equity ratio of 0.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its earnings results on Friday, April 24th. The company reported $1.25 EPS for the quarter, topping 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 company had revenue of $76.75 million for the quarter, compared to analysts’ expectations of $73.32 million. As a group, research analysts anticipate 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 company also recently announced 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 yield of 61.0%. The ex-dividend date was Tuesday, May 5th. This is a positive change from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is 4.91%.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

A number of institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its holdings in Corporacion Inmobiliaria Vesta by 38.1% during the 2nd 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 in the last quarter. Centersquare Investment Management LLC grew its holdings in shares of 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 purchasing an additional 17,110 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of 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 purchasing an additional 19,967 shares in the last quarter. Finally, ABC Arbitrage SA grew its holdings in shares of 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 purchasing an additional 86,328 shares in the last quarter. 6.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on VTMX. Zacks Research upgraded shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. Barclays increased 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

Corporacion Inmobiliaria Vesta Company Profile

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.