Insider Selling: Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Sells 20,000 Shares of Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Carranza Diego Berho sold 20,000 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $3.52, for a total value of $70,400.00. Following the transaction, the insider owned 1,725,194 shares in the company, valued at approximately $6,072,682.88. This trade represents a 1.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, May 26th, Carranza Diego Berho sold 10,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.44, for a total value of $34,400.00.
• On Wednesday, May 20th, Carranza Diego Berho sold 200,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.41, for a total value of $682,000.00.

Corporacion Inmobiliaria Vesta Stock Performance

Shares of NYSE VTMX traded up $0.04 during mid-day trading on Tuesday, reaching $34.74. 144,750 shares of the company’s stock were exchanged, compared to its average volume of 91,061. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 8.98, 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 52 week low of $24.99 and a 52 week high of $37.41. 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 firm has a 50-day moving average price of $34.70 and a two-hundred day moving average price of $32.99.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings data on Friday, April 24th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.85. Corporacion Inmobiliaria Vesta had a return on equity of 12.23% and a net margin of 111.99%.The business had revenue of $76.75 million for the quarter, compared to analysts’ expectations of $73.32 million. Analysts predict that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.52 EPS for the current year.

Corporacion Inmobiliaria Vesta Increases Dividend

The business also recently announced an annual dividend, which was paid on Wednesday, May 13th. Shareholders of record on Tuesday, May 5th were issued a dividend of $0.2181 per share. This represents a yield of 61.0%. The ex-dividend date of this dividend was Tuesday, May 5th. This is a boost from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. Corporacion Inmobiliaria Vesta’s payout ratio is presently 4.65%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in VTMX. BNP Paribas Financial Markets raised its stake in shares of Corporacion Inmobiliaria Vesta by 38.1% during the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock worth $1,017,000 after acquiring an additional 10,236 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Corporacion Inmobiliaria Vesta by 6.6% during the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock worth $8,803,000 after acquiring an additional 19,967 shares in the last quarter. Centersquare Investment Management LLC raised its stake in shares of Corporacion Inmobiliaria Vesta by 4.9% during the third quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock worth $10,357,000 after acquiring an additional 17,110 shares in the last quarter. Finally, ABC Arbitrage SA lifted its position 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 last quarter. 6.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VTMX has been the subject of several recent analyst reports. Zacks Research raised Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Wall Street Zen raised Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Friday, May 22nd. Finally, Barclays boosted their price objective on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.00.

Corporacion Inmobiliaria Vesta Company Profile

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.