Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Castillo Cacho Guillermo Del Sells 8,500 Shares

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Castillo Cacho Guillermo Del sold 8,500 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $3.41, for a total value of $28,985.00. Following the completion of the transaction, the insider directly owned 20,888 shares in the company, valued at $71,228.08. This trade represents a 28.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, June 26th, 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 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.

Corporacion Inmobiliaria Vesta Stock Performance

Shares of VTMX opened at $34.80 on Wednesday. The stock has a 50 day moving average price of $34.20 and a 200 day moving average price of $33.93. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 7.57, a price-to-earnings-growth ratio of 3.65 and a beta of 0.64. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 52-week low of $25.59 and a 52-week high of $37.41.

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

Corporacion Inmobiliaria Vesta Announces Dividend

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

Wall Street Analyst Weigh In

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

Institutional Trading of Corporacion Inmobiliaria Vesta

Several institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its stake 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 worth $1,017,000 after purchasing an additional 10,236 shares during the period. ABC Arbitrage SA increased its stake 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 purchasing an additional 86,328 shares during the period. Finally, Lazard Asset Management LLC increased its stake 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 purchasing an additional 19,967 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.