Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock: Insider Carranza Lorenzo Dominiq Berho Sells 250,000 Shares

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) CEO Lorenzo Berho sold 250,000 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $3.62, for a total value of $905,000.00. Following the transaction, the chief executive officer directly owned 3,233,199 shares of the company’s stock, valued at approximately $11,704,180.38. This trade represents a 7.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, October 29th, Lorenzo Berho sold 350,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.65, for a total value of $1,277,500.00.
• On Friday, August 21st, Lorenzo Berho sold 60,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.58, for a total value of $214,800.00.

Corporacion Inmobiliaria Vesta Trading Down 0.5%

NYSE VTMX opened at $36.13 on Wednesday. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 12 month low of $29.45 and a 12 month high of $38.29. The stock has a market cap of $3.48 billion, a P/E ratio of 6.58, a P/E/G ratio of 3.63 and a beta of 0.59. The stock’s fifty day moving average price is $34.33 and its 200-day moving average price is $34.13. The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 0.33.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.72. The firm had revenue of $79.56 million during the quarter, compared to the consensus estimate of $79.15 million. Corporacion Inmobiliaria Vesta had a return on equity of 16.24% and a net margin of 156.69%. As a group, equities analysts forecast that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 EPS for the current fiscal year.

Corporacion Inmobiliaria Vesta Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Wednesday, October 14th were given a dividend of $0.1999 per share. This represents a $0.80 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Wednesday, October 14th. Corporacion Inmobiliaria Vesta’s dividend payout ratio is 12.20%.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Corporacion Inmobiliaria Vesta from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, October 26th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.00.

Trending Headlines about Corporacion Inmobiliaria Vesta

Here are the key news stories impacting Corporacion Inmobiliaria Vesta this week:

• Positive Sentiment: Vesta’s latest reported quarter was stronger than expected: EPS was $1.18 versus analysts’ $0.46 estimate, and revenue also edged past expectations. Vesta company and earnings information
• Neutral Sentiment: Analyst opinions remain mixed, with two Buy and three Hold ratings and an average price target of $42. Vesta analyst and company information
• Negative Sentiment: CEO Lorenzo Berho sold 250,000 shares, reducing his stake by 7.18%. Insider Romero Pucheu also reported sales of 57,650 shares and a further 52,350 shares, while Diego Berho Carranza sold 3,814 shares. The cluster of sales—particularly the CEO’s transaction—could weigh on sentiment, although the reports provide no indication that the sales reflect a change in the company’s outlook. Report on CEO share sale Report on insider share sales

About Corporacion Inmobiliaria Vesta

Corporación Inmobiliaria Vesta, SAB. de C.V., commonly known as Vesta, is a Mexican industrial real estate company focused on the development, acquisition, ownership, leasing and management of industrial properties. Its portfolio is designed to support manufacturing, logistics, distribution and other business operations.

Vesta provides industrial buildings, build-to-suit facilities and logistics-oriented properties for domestic and international companies. The company’s properties are located in major industrial markets across Mexico, including regions serving automotive, aerospace, electronics, logistics and other manufacturing activities.

Vesta was established in Mexico in 1998 and has expanded its platform alongside the country’s manufacturing and nearshoring industries.