Corporacion Inmobiliaria Vesta (NYSE:VTMX) CEO Sells $214,800.00 in Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) CEO Carranza Lorenzo Dominiq Berho sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $3.58, for a total transaction of $214,800.00. Following the sale, the chief executive officer owned 3,833,109 shares of the company’s stock, valued at $13,722,530.22. This trade represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, June 29th, Carranza Lorenzo Dominiq Berho sold 50,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.42, for a total transaction of $171,000.00.
• On Thursday, May 28th, Carranza Lorenzo Dominiq Berho sold 64,366 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.50, for a total transaction of $225,281.00.

Corporacion Inmobiliaria Vesta Trading Up 0.4%

Shares of Corporacion Inmobiliaria Vesta stock opened at $34.56 on Friday. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 1-year low of $25.59 and a 1-year high of $37.41. The company’s fifty day simple moving average is $34.23 and its 200-day simple moving average is $34.32. 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 stock has a market capitalization of $2.92 billion, a PE ratio of 7.52, a P/E/G ratio of 3.66 and a beta of 0.64.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings data on Wednesday, July 1st. The company reported $1.09 EPS for the quarter. Corporacion Inmobiliaria Vesta had a return on equity of 14.20% and a net margin of 132.22%.The firm had revenue of $78.50 million during the quarter. As a group, equities analysts anticipate 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 Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have recently commented on VTMX. Zacks Research downgraded Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. UBS Group increased their target price on shares of Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Weiss Ratings restated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Wednesday, August 19th. Barclays lifted their price target on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, May 4th. 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 given a Hold rating to the company. According to data from MarketBeat, Corporacion Inmobiliaria Vesta presently has a consensus rating of “Hold” and a consensus target price of $42.00.

Institutional Trading of Corporacion Inmobiliaria Vesta

Several institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its stake in Corporacion Inmobiliaria Vesta by 38.1% during 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. Lazard Asset Management LLC grew its holdings in Corporacion Inmobiliaria Vesta by 6.6% during the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock valued at $8,803,000 after buying an additional 19,967 shares in the last quarter. Finally, ABC Arbitrage SA grew its holdings in Corporacion Inmobiliaria Vesta by 148.8% during the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock valued at $4,401,000 after buying an additional 86,328 shares in the last quarter. Hedge funds and other institutional investors own 6.61% of the company’s stock.

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.