Insider Selling: Corporacion Inmobiliaria Vesta (NYSE:VTMX) CEO Sells $905,000.00 in Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) CEO Lorenzo Berho sold 250,000 shares of the stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $3.62, for a total transaction of $905,000.00. Following the sale, the chief executive officer directly owned 3,233,199 shares in the company, valued at $11,704,180.38. This trade represents a 7.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Thursday, October 29th, Lorenzo Berho sold 350,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.65, for a total transaction of $1,277,500.00.
• On Friday, August 21st, Lorenzo Berho sold 60,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.58, for a total transaction of $214,800.00.

Corporacion Inmobiliaria Vesta Stock Up 2.9%

Shares of Corporacion Inmobiliaria Vesta stock opened at $37.09 on Thursday. The company has a 50-day simple moving average of $34.37 and a two-hundred day simple moving average of $34.15. The stock has a market capitalization of $3.57 billion, a PE ratio of 6.76, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 52-week low of $29.63 and a 52-week high of $38.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.46 and a current ratio of 3.46.

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

Corporacion Inmobiliaria Vesta Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Wednesday, October 14th were given a $0.1999 dividend. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $0.80 annualized dividend and a yield of 2.2%. Corporacion Inmobiliaria Vesta’s dividend payout ratio is 12.20%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Corporacion Inmobiliaria Vesta from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, October 26th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently 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.