Mayorga Luis Felipe Cepeda Sells 8,366 Shares of Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Mayorga Luis Felipe Cepeda sold 8,366 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $3.44, for a total value of $28,779.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Corporacion Inmobiliaria Vesta Stock Performance

Corporacion Inmobiliaria Vesta stock traded down $0.48 during midday trading on Thursday, hitting $34.09. 70,649 shares of the company were exchanged, compared to its average volume of 178,933. The firm has a market capitalization of $2.88 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 3.12 and a beta of 0.64. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a fifty-two week low of $24.99 and a fifty-two week high of $37.41. The business has a fifty day simple moving average of $34.84 and a two-hundred day simple moving average of $33.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 5.66 and a current ratio of 5.66.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its earnings results on Friday, April 24th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $0.40 by $0.85. The firm had revenue of $76.75 million for the quarter, compared to analyst estimates of $73.32 million. Corporacion Inmobiliaria Vesta had a return on equity of 12.23% and a net margin of 111.99%. On average, sell-side analysts forecast 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 business also recently announced an annual dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were issued a dividend of $0.2181 per share. This represents a yield of 61.0%. This is a positive change from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. The ex-dividend date of this dividend was Tuesday, May 5th. Corporacion Inmobiliaria Vesta’s dividend payout ratio is 4.91%.

Analyst Upgrades and Downgrades

VTMX has been the topic of a number of recent analyst reports. Zacks Research upgraded Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Friday, May 22nd. Barclays increased their price target on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, Wall Street Zen upgraded Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a research report on Sunday, May 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Corporacion Inmobiliaria Vesta presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Institutional Trading of Corporacion Inmobiliaria Vesta

Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its stake in shares of Corporacion Inmobiliaria Vesta by 38.1% during the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock worth $1,017,000 after purchasing an additional 10,236 shares in the last quarter. ABC Arbitrage SA lifted its position 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 acquiring an additional 86,328 shares in the last quarter. Lazard Asset Management LLC lifted its position 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 acquiring an additional 19,967 shares in the last quarter. Finally, Centersquare Investment Management LLC lifted its position 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 acquiring an additional 17,110 shares in the last quarter. Hedge funds and other institutional investors own 6.61% of the company’s stock.

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.