Corporacion Inmobiliaria Vesta (NYSE:VTMX) Director Sells $168,264.96 in Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Director Corona Lorenzo Manuel Berho sold 48,352 shares of Corporacion Inmobiliaria Vesta stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $3.48, for a total transaction of $168,264.96. Following the completion of the sale, the director directly owned 20,824,883 shares in the company, valued at approximately $72,470,592.84. The trade was a 0.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Corona Lorenzo Manuel Berho also recently made the following trade(s):

• On Tuesday, June 9th, Corona Lorenzo Manuel Berho sold 1,648 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.43, for a total transaction of $5,652.64.
• On Wednesday, May 27th, Corona Lorenzo Manuel Berho sold 300,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.48, for a total transaction of $1,044,000.00.
• On Tuesday, May 26th, Corona Lorenzo Manuel Berho sold 200,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.48, for a total value of $696,000.00.
• On Wednesday, May 20th, Corona Lorenzo Manuel Berho sold 1,000,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.41, for a total value of $3,410,000.00.

Corporacion Inmobiliaria Vesta Stock Performance

Shares of VTMX stock opened at $33.79 on Friday. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 3.10 and a beta of 0.64. The stock has a 50 day simple moving average of $34.95 and a 200-day simple moving average of $33.30. 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. The company has a current ratio of 5.66, a quick ratio of 5.66 and a debt-to-equity ratio of 0.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $1.25 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $73.32 million. On average, equities analysts forecast 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 firm also recently announced an annual dividend, which was paid on Wednesday, May 13th. Shareholders of record on Tuesday, May 5th were issued a $0.2181 dividend. This represents a yield of 61.0%. This is an increase from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. The ex-dividend date of this dividend was Tuesday, May 5th. Corporacion Inmobiliaria Vesta’s dividend payout ratio is 4.91%.

Analysts Set New Price Targets

A number of analysts recently commented on VTMX shares. Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. Barclays increased their target price on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, May 4th. 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 reissued a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Friday, May 22nd. Finally, UBS Group upped their price target on Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday. One investment 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 company’s stock. According to data from MarketBeat.com, Corporacion Inmobiliaria Vesta has a consensus rating of “Moderate Buy” and a consensus price target of $42.00.

Institutional Trading of Corporacion Inmobiliaria Vesta

Several institutional investors and hedge funds have recently modified their holdings of VTMX. BNP Paribas Financial Markets grew its position in shares of Corporacion Inmobiliaria Vesta by 38.1% in the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock valued at $1,017,000 after purchasing an additional 10,236 shares during the last quarter. Centersquare Investment Management LLC raised 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 worth $10,357,000 after purchasing an additional 17,110 shares during the last quarter. Lazard Asset Management LLC raised 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 worth $8,803,000 after purchasing an additional 19,967 shares during the last quarter. Finally, ABC Arbitrage SA grew 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 valued at $4,401,000 after buying an additional 86,328 shares during the last quarter. Hedge funds and other institutional investors own 6.61% of the company’s stock.

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.