Carranza Lorenzo Dominiq Berho Sells 64,366 Shares of Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) CEO Carranza Lorenzo Dominiq Berho sold 64,366 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $3.50, for a total transaction of $225,281.00. Following the sale, the chief executive officer directly owned 3,993,199 shares of the company’s stock, valued at approximately $13,976,196.50. The trade was a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Corporacion Inmobiliaria Vesta Stock Down 0.9%

Shares of NYSE:VTMX traded down $0.30 during midday trading on Monday, hitting $34.65. 186,276 shares of the company’s stock were exchanged, compared to its average volume of 169,315. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.66 and a quick ratio of 5.66. The stock has a 50 day moving average price of $34.70 and a 200-day moving average price of $32.99. The company has a market cap of $2.93 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 3.16 and a beta of 0.64. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 12 month low of $24.99 and a 12 month high of $37.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its earnings results on Friday, April 24th. The company reported $1.25 EPS for the quarter, topping 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 company had revenue of $76.75 million during the quarter, compared to the consensus estimate of $73.32 million. On average, sell-side analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.52 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%.

Analysts Set New Price Targets

A number of brokerages have issued reports on VTMX. 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Friday, May 22nd. Zacks Research upgraded shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Finally, Wall Street Zen upgraded shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Corporacion Inmobiliaria Vesta currently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

Institutional Trading of Corporacion Inmobiliaria Vesta

A number of institutional investors have recently modified their holdings of the business. ABC Arbitrage SA increased its holdings in Corporacion Inmobiliaria Vesta by 148.8% during the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock worth $4,401,000 after acquiring an additional 86,328 shares during the period. Centersquare Investment Management LLC increased its holdings in shares of Corporacion Inmobiliaria Vesta by 4.9% in the 3rd quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock worth $10,357,000 after buying an additional 17,110 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of 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 buying an additional 19,967 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of 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 buying an additional 10,236 shares during the last quarter. 6.61% of the stock is currently owned by hedge funds and other 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.