Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock: Insider Achutegui Juan Felipe Sottil Sells 313,839 Shares

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) CFO Juan Felipe Sottil Achutegui sold 313,839 shares of the firm’s stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $3.64, for a total value of $1,142,373.96. Following the sale, the chief financial officer directly owned 940,281 shares in the company, valued at approximately $3,422,622.84. This represents a 25.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Corporacion Inmobiliaria Vesta Price Performance

Shares of Corporacion Inmobiliaria Vesta stock opened at $36.10 on Friday. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 6.58, a PEG ratio of 3.63 and a beta of 0.66. 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 stock’s 50-day simple moving average is $34.31 and its 200-day simple moving average is $34.08. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 52 week low of $29.45 and a 52 week high of $38.29.

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 the consensus estimate of $0.46 by $0.72. Corporacion Inmobiliaria Vesta had a return on equity of 16.24% and a net margin of 156.69%. The company had revenue of $79.56 million for the quarter, compared to the consensus estimate of $79.15 million. As a group, analysts expect that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 earnings per share for the current fiscal year.

Corporacion Inmobiliaria Vesta Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently commented on VTMX. Weiss Ratings raised shares of Corporacion Inmobiliaria Vesta from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. 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. Two 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, Corporacion Inmobiliaria Vesta currently has an average rating of “Hold” and a consensus price target 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.