Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Carranza Diego Berho Sells 30,000 Shares of Company Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Diego Berho Carranza sold 30,000 shares of the stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $3.70, for a total transaction of $111,000.00. Following the sale, the insider directly owned 1,606,661 shares of the company’s stock, valued at $5,944,645.70. The trade was a 1.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, November 6th, Diego Berho Carranza sold 23,911 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.75, for a total transaction of $89,666.25.
• On Wednesday, November 4th, Diego Berho Carranza sold 45,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.73, for a total transaction of $167,850.00.
• 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 value of $109,200.00.
• On Friday, October 30th, Diego Berho Carranza sold 3,814 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.65, for a total value of $13,921.10.
• On Friday, September 4th, Diego Berho Carranza sold 6,219 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.48, for a total value of $21,642.12.

Corporacion Inmobiliaria Vesta Stock Up 1.8%

Shares of VTMX stock opened at $38.30 on Tuesday. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 1-year low of $29.63 and a 1-year high of $38.50. The stock’s fifty day moving average price is $34.56 and its 200 day moving average price is $34.23. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.46 and a quick ratio of 3.46. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 6.98, a price-to-earnings-growth ratio of 3.70 and a beta of 0.59.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings results on Thursday, October 22nd. The company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.72. The company had revenue of $79.56 million during the quarter, compared to analysts’ expectations of $79.15 million. Corporacion Inmobiliaria Vesta had a return on equity of 16.24% and a net margin of 156.69%. On average, research analysts expect that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 earnings per share for the current fiscal year.

Corporacion Inmobiliaria Vesta Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Stockholders of record on Wednesday, October 14th were issued a dividend of $0.1999 per share. The ex-dividend date was Wednesday, October 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.1%. Corporacion Inmobiliaria Vesta’s dividend payout ratio is 12.20%.

More Corporacion Inmobiliaria Vesta News

Here are the key news stories impacting Corporacion Inmobiliaria Vesta this week:

• Negative Sentiment: CEO Lorenzo Berho sold a combined 200,000 shares across four transactions, worth about $757,000 at the reported prices. Insider Romero Pucheu sold 120,000 shares—39.7% of his reported position—and Diego Berho Carranza sold a combined 53,911 shares. In total, the reported sales amounted to 373,911 shares. CEO sales filing Pucheu sales filing Carranza sales filing

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of 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 company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $42.00.

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