Corporacion Inmobiliaria Vesta (NYSE:VTMX) CFO Sells $1,226,948.94 in Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) CFO Juan Felipe Sottil Achutegui sold 330,714 shares of the company’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $3.71, for a total value of $1,226,948.94. Following the completion of the transaction, the chief financial officer directly owned 609,567 shares in the company, valued at $2,261,493.57. This trade represents a 35.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Achutegui Juan Felipe Sottil also recently made the following trade(s):

• On Wednesday, October 28th, Juan Felipe Sottil Achutegui sold 313,839 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.64, for a total value of $1,142,373.96.

Corporacion Inmobiliaria Vesta Stock Performance

VTMX stock opened at $37.61 on Friday. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a twelve month low of $29.63 and a twelve month high of $38.29. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 6.86, a PEG ratio of 3.76 and a beta of 0.59. The business’s fifty day simple moving average is $34.48 and its two-hundred day simple moving average is $34.20. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.33.

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

Corporacion Inmobiliaria Vesta Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Wednesday, October 14th were given a $0.1999 dividend. This represents a $0.80 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, October 14th. Corporacion Inmobiliaria Vesta’s payout ratio is 12.20%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Corporacion Inmobiliaria Vesta from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, October 26th. Two 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 a consensus rating of “Hold” and an average target price of $42.00.

Corporacion Inmobiliaria Vesta Company Profile

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.