Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Castillo Cacho Guillermo Del Sells 8,500 Shares

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Castillo Cacho Guillermo Del sold 8,500 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $3.41, for a total transaction of $28,985.00. Following the sale, the insider directly owned 20,888 shares in the company, valued at $71,228.08. This trade represents a 28.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• 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.

Corporacion Inmobiliaria Vesta Stock Performance

NYSE:VTMX traded up $0.47 during mid-day trading on Tuesday, hitting $34.78. The stock had a trading volume of 14,370 shares, compared to its average volume of 90,509. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a twelve month low of $25.59 and a twelve month high of $37.41. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 3.58 and a beta of 0.64. The company’s 50 day simple moving average is $34.19 and its 200 day simple moving average is $33.90. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.26 and a current ratio of 4.26.

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

Corporacion Inmobiliaria Vesta Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th were paid a dividend of $0.1999 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Tuesday, July 14th. Corporacion Inmobiliaria Vesta’s payout ratio is currently 14.78%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on VTMX shares. Weiss Ratings reissued a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Friday, May 22nd. UBS Group lifted their price objective on shares of Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Barclays lifted their price objective on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Zacks Research lowered shares of Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Wall Street Zen lowered shares of Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $42.00.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

Several institutional investors and hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC grew its stake in shares of Corporacion Inmobiliaria Vesta by 6.6% in the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock valued at $8,803,000 after acquiring an additional 19,967 shares in the last quarter. ABC Arbitrage SA raised its stake in 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 purchasing an additional 86,328 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Corporacion Inmobiliaria Vesta by 38.1% in the 2nd 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 period. 6.61% of the stock is currently owned by institutional investors and hedge funds.

Corporacion Inmobiliaria Vesta Company Profile

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.