Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Sells $191,500.00 in Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Diego Berho Carranza sold 50,000 shares of the stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $3.83, for a total value of $191,500.00. Following the transaction, the insider owned 1,479,685 shares of the company’s stock, valued at approximately $5,667,193.55. The trade was a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Monday, November 9th, Diego Berho Carranza sold 53,065 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.79, for a total value of $201,116.35.
• On Friday, November 6th, Diego Berho Carranza sold 23,911 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.75, for a total value of $89,666.25.
• On Thursday, November 5th, Diego Berho Carranza sold 30,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.70, for a total value of $111,000.00.
• On Wednesday, November 4th, Diego Berho Carranza sold 45,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.73, for a total value of $167,850.00.
• On Tuesday, November 3rd, Diego Berho Carranza sold 30,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.64, for a total transaction of $109,200.00.
• On Friday, October 30th, Diego Berho Carranza sold 3,814 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.65, for a total transaction of $13,921.10.
• On Friday, September 4th, Diego Berho Carranza sold 6,219 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.48, for a total transaction of $21,642.12.

Corporacion Inmobiliaria Vesta Stock Down 1.5%

Shares of VTMX stock traded down $0.57 during trading on Friday, reaching $37.45. The company’s stock had a trading volume of 121,796 shares, compared to its average volume of 157,283. The business has a fifty day moving average price of $34.83 and a 200-day moving average price of $34.35. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.33. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 6.82, a price-to-earnings-growth ratio of 3.35 and a beta of 0.59. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a one year low of $29.63 and a one year high of $38.59.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its earnings results on Thursday, October 22nd. The company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.72. The business had revenue of $79.56 million during the quarter, compared to the consensus estimate of $79.15 million. Corporacion Inmobiliaria Vesta had a net margin of 156.69% and a return on equity of 16.24%. Analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.39 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Corporacion Inmobiliaria Vesta from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, October 26th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $42.00.

Corporacion Inmobiliaria Vesta News Roundup

These are some of the VTMX news items that stood out recently:

• Positive Sentiment: Brokerages’ consensus price target is $42, above the roughly $38 reference price cited in the reports, indicating potential upside. The overall analyst rating is Hold. Article: Vesta consensus target price
• Neutral Sentiment: Vesta’s Investor Day transcript provides company-strategy discussion, but the supplied coverage does not identify specific new targets or decisions likely to change the outlook. Article: Vesta Investor Day transcript
• Negative Sentiment: Several company insiders sold shares, including CFO Juan Felipe Sottil Achutegui, who sold 200,000 shares and reduced his position by 32.81%; Chairman Lorenzo Berho, who sold 128,959 shares; and insider Romero Pucheu, who sold 70,000 shares. Diego Berho Carranza also reported multiple sales. The volume of selling could weigh on sentiment, although insider sales do not necessarily signal a worsening business outlook. SEC filing: CFO sale SEC filing: chairman sale Article: Insider sales

Corporacion Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, S.A.B. de C.V., known as Vesta, is a Mexican real estate company that develops, owns and leases industrial properties. Its portfolio includes industrial parks, manufacturing facilities and logistics properties such as warehouses and distribution centers. The company serves businesses seeking space for manufacturing, storage and distribution, including through facilities developed to meet tenants’ specific requirements. Vesta operates in industrial markets across Mexico.