Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Castillo Cacho Guillermo Del Sells 3,400 Shares

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Castillo Cacho Guillermo Del sold 3,400 shares of Corporacion Inmobiliaria Vesta stock in a transaction on Friday, June 26th. The stock was sold at an average price of $3.37, for a total value of $11,458.00. Following the completion of the sale, the insider directly owned 14,088 shares of the company’s stock, valued at approximately $47,476.56. The trade was a 19.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Castillo Cacho Guillermo Del also recently made the following trade(s):

• On Tuesday, June 23rd, Castillo Cacho Guillermo Del sold 3,400 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.37, for a total value of $11,458.00.
• On Friday, May 22nd, Castillo Cacho Guillermo Del sold 8,500 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.41, for a total value of $28,985.00.

Corporacion Inmobiliaria Vesta Stock Performance

Shares of Corporacion Inmobiliaria Vesta stock traded up $0.49 during trading on Tuesday, hitting $34.80. 14,370 shares of the company’s stock traded hands, compared to its average volume of 90,509. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 1 year low of $25.59 and a 1 year high of $37.41. The business has a 50-day simple moving average of $34.19 and a 200-day simple moving average of $33.90. The stock has a market capitalization of $2.94 billion, a P/E ratio of 7.56, a PEG ratio of 3.58 and a beta of 0.64. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.26 and a quick ratio of 4.26.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its earnings results on Wednesday, July 1st. The company reported $1.09 earnings per share for the quarter. The business had revenue of $78.50 million during the quarter. Corporacion Inmobiliaria Vesta had a return on equity of 14.20% and a net margin of 132.22%. As a group, analysts forecast that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.82 EPS for the current year.

Corporacion Inmobiliaria Vesta Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th were paid a $0.1999 dividend. The ex-dividend date was Tuesday, July 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.3%. Corporacion Inmobiliaria Vesta’s payout ratio is currently 14.78%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on VTMX shares. Zacks Research downgraded shares of Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Barclays boosted their target price on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Friday, May 22nd. UBS Group raised their price target on Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Finally, Wall Street Zen lowered Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $42.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VTMX. ABC Arbitrage SA grew its position in shares of Corporacion Inmobiliaria Vesta by 148.8% during the 4th 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 during the period. Lazard Asset Management LLC raised its holdings in Corporacion Inmobiliaria Vesta by 6.6% in the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock worth $8,803,000 after purchasing an additional 19,967 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in Corporacion Inmobiliaria Vesta by 38.1% in the 2nd 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 during the period. 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.