Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Carranza Diego Berho Sells 10,000 Shares

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Carranza Diego Berho sold 10,000 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $3.44, for a total transaction of $34,400.00. Following the transaction, the insider owned 1,835,194 shares of the company’s stock, valued at $6,313,067.36. This trade represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, May 29th, Carranza Diego Berho sold 20,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.52, for a total transaction of $70,400.00.
• 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 transaction of $34,400.00.
• On Wednesday, May 20th, Carranza Diego Berho sold 200,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.41, for a total transaction of $682,000.00.

Corporacion Inmobiliaria Vesta Stock Up 0.0%

VTMX opened at $33.73 on Thursday. The company has a fifty day moving average price of $34.92 and a 200-day moving average price of $33.17. The firm has a market capitalization of $2.85 billion, a P/E ratio of 8.71, a price-to-earnings-growth ratio of 3.05 and a beta of 0.64. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.66 and a quick ratio of 5.66. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a one year low of $24.99 and a one year high of $37.41.

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

Corporacion Inmobiliaria Vesta Increases Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, May 13th. Stockholders of record on Tuesday, May 5th were given a dividend of $0.2181 per share. This is an increase from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. The ex-dividend date was Tuesday, May 5th. This represents a dividend yield of 61.0%. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is presently 4.91%.

Institutional Trading of Corporacion Inmobiliaria Vesta

Institutional investors have recently added to or reduced their stakes in the business. Centersquare Investment Management LLC boosted its position in Corporacion Inmobiliaria Vesta by 4.9% during the third quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock valued at $10,357,000 after buying an additional 17,110 shares during the period. ABC Arbitrage SA boosted its position in Corporacion Inmobiliaria Vesta by 148.8% during the fourth quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock valued at $4,401,000 after buying an additional 86,328 shares during the period. Lazard Asset Management LLC boosted its position in Corporacion Inmobiliaria Vesta by 6.6% during the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock valued at $8,803,000 after buying an additional 19,967 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Corporacion Inmobiliaria Vesta by 38.1% during the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock valued at $1,017,000 after buying an additional 10,236 shares during the period. 6.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a research report on Sunday, May 24th. Zacks Research upgraded shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Friday, May 22nd. Finally, Barclays upped their target price 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. 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.