Zamorano Barron Laura Ramirez Sells 45,524 Shares of Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Zamorano Barron Laura Ramirez sold 45,524 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $3.50, for a total transaction of $159,334.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Corporacion Inmobiliaria Vesta Stock Up 0.1%

NYSE VTMX traded up $0.05 during trading hours on Thursday, hitting $34.93. The company’s stock had a trading volume of 111,058 shares, compared to its average volume of 160,392. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 52 week low of $24.99 and a 52 week high of $37.41. The company has a market capitalization of $2.95 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 3.45 and a beta of 0.67. The company has a current ratio of 5.66, a quick ratio of 5.66 and a debt-to-equity ratio of 0.41. The company’s 50-day simple moving average is $34.62 and its two-hundred day simple moving average is $32.94.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings results on Friday, April 24th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.85. Corporacion Inmobiliaria Vesta had a net margin of 111.99% and a return on equity of 12.23%. The business had revenue of $76.75 million for the quarter, compared to analysts’ expectations of $73.32 million. Research analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.3 EPS for the current fiscal year.

Corporacion Inmobiliaria Vesta Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, May 13th. Shareholders of record on Tuesday, May 5th were given a $0.2181 dividend. This represents a yield of 61.0%. The ex-dividend date of this dividend was Tuesday, May 5th. This is a positive change from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. Corporacion Inmobiliaria Vesta’s payout ratio is currently 4.91%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a research report on Sunday. Zacks Research raised shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Barclays upped their price objective on shares of 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, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Centersquare Investment Management LLC grew its position in shares of Corporacion Inmobiliaria Vesta by 4.9% during the 3rd 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 during the period. Lazard Asset Management LLC grew its position in shares of Corporacion Inmobiliaria Vesta by 6.6% during the 2nd 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 during the period. 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. Finally, BNP Paribas Financial Markets grew its position in shares of Corporacion Inmobiliaria Vesta by 38.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock valued at $1,017,000 after acquiring an additional 10,236 shares during the period. 6.61% of the stock is owned by institutional investors.

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.