Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Castillo Cacho Guillermo Del Sells 10,000 Shares of Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Castillo Cacho Guillermo Del sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $3.48, for a total value of $34,800.00. Following the transaction, the insider directly owned 5,000 shares in the company, valued at $17,400. This trade represents a 66.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Castillo Cacho Guillermo Del also recently made the following trade(s):

• On Tuesday, August 4th, Castillo Cacho Guillermo Del sold 2,413 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.44, for a total transaction of $8,300.72.
• On Thursday, July 30th, Castillo Cacho Guillermo Del sold 1,675 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.41, for a total transaction of $5,711.75.
• On Friday, June 26th, Castillo Cacho Guillermo Del sold 3,400 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.37, for a total transaction of $11,458.00.
• On Tuesday, June 23rd, Castillo Cacho Guillermo Del sold 3,400 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.37, for a total transaction of $11,458.00.
• On Friday, May 22nd, Castillo Cacho Guillermo Del sold 8,500 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.41, for a total transaction of $28,985.00.

Corporacion Inmobiliaria Vesta Stock Performance

Shares of VTMX stock opened at $33.94 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.26 and a quick ratio of 4.26. The company’s fifty day moving average price is $34.13 and its two-hundred day moving average price is $34.12. The firm has a market capitalization of $2.87 billion, a P/E ratio of 7.38, a P/E/G ratio of 3.60 and a beta of 0.64. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 12 month low of $25.59 and a 12 month high of $37.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its earnings results on Wednesday, July 1st. The company reported $1.09 earnings per share for the quarter. Corporacion Inmobiliaria Vesta had a return on equity of 14.20% and a net margin of 132.22%.The company had revenue of $78.50 million during the quarter. On average, research analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.82 earnings per share for the current fiscal year.

Corporacion Inmobiliaria Vesta Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th were paid a dividend of $0.1999 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Tuesday, July 14th. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is 14.78%.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

Several large investors have recently added to or reduced their stakes in VTMX. BNP Paribas Financial Markets increased its stake 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 purchasing an additional 10,236 shares during the last quarter. Lazard Asset Management LLC raised its holdings 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 purchasing an additional 19,967 shares during the period. Finally, ABC Arbitrage SA lifted its position in shares of Corporacion Inmobiliaria Vesta by 148.8% in the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock worth $4,401,000 after buying an additional 86,328 shares during the last quarter. 6.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wall Street Zen cut Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Barclays lifted their price target on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Zacks Research cut shares of Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Friday, May 22nd. Finally, UBS Group upped their target price on shares of Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Corporacion Inmobiliaria Vesta has an average rating of “Hold” and a consensus target price of $42.00.

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.