Insider Selling: Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Sells $13,921.10 in Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Diego Berho Carranza sold 3,814 shares of the business’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $3.65, for a total value of $13,921.10. Following the sale, the insider directly owned 1,711,661 shares in the company, valued at $6,247,562.65. This trade represents a 0.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Carranza Diego Berho also recently made the following trade(s):

• On Tuesday, November 3rd, Diego Berho Carranza sold 30,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.64, for a total transaction of $109,200.00.
• On Friday, September 4th, Diego Berho Carranza sold 6,219 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.48, for a total transaction of $21,642.12.

Corporacion Inmobiliaria Vesta Trading Up 2.9%

NYSE VTMX opened at $37.09 on Thursday. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a twelve month low of $29.63 and a twelve month high of $38.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.46 and a current ratio of 3.46. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 6.76, a PEG ratio of 3.60 and a beta of 0.59. The firm’s 50 day moving average price is $34.37 and its two-hundred day moving average price is $34.15.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings data on Thursday, October 22nd. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.72. Corporacion Inmobiliaria Vesta had a return on equity of 16.24% and a net margin of 156.69%. The firm had revenue of $79.56 million during the quarter, compared to the consensus estimate of $79.15 million. Equities analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 EPS for the current year.

Corporacion Inmobiliaria Vesta Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Wednesday, October 14th were issued a dividend of $0.1999 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Wednesday, October 14th. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is currently 12.20%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Corporacion Inmobiliaria Vesta from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, October 26th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Corporacion Inmobiliaria Vesta has an average rating of “Hold” and a consensus price target of $42.00.

Corporacion Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, SAB. de C.V., commonly known as Vesta, is a Mexican industrial real estate company focused on the development, acquisition, ownership, leasing and management of industrial properties. Its portfolio is designed to support manufacturing, logistics, distribution and other business operations.

Vesta provides industrial buildings, build-to-suit facilities and logistics-oriented properties for domestic and international companies. The company’s properties are located in major industrial markets across Mexico, including regions serving automotive, aerospace, electronics, logistics and other manufacturing activities.

Vesta was established in Mexico in 1998 and has expanded its platform alongside the country’s manufacturing and nearshoring industries.