Corporacion Inmobiliaria Vesta (NYSE:VTMX) Chairman Corona Lorenzo Manuel Berho Sells 128,959 Shares of Company Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Chairman Lorenzo Berho sold 128,959 shares of the company’s stock in a transaction dated Thursday, November 12th. The shares were sold at an average price of $3.77, for a total transaction of $486,175.43. Following the completion of the sale, the chairman directly owned 20,554,269 shares of the company’s stock, valued at $77,489,594.13. The trade was a 0.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Corona Lorenzo Manuel Berho also recently made the following trade(s):

• On Wednesday, August 26th, Lorenzo Berho sold 33,442 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.51, for a total value of $117,381.42.

Corporacion Inmobiliaria Vesta Stock Down 1.2%

Shares of VTMX traded down $0.47 during mid-day trading on Friday, reaching $37.55. The company’s stock had a trading volume of 88,533 shares, compared to its average volume of 88,812. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 1 year low of $29.63 and a 1 year high of $38.59. 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 $3.61 billion, a price-to-earnings ratio of 6.84, a price-to-earnings-growth ratio of 3.79 and a beta of 0.59. The business has a fifty day moving average of $34.77 and a 200 day moving average of $34.32.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings data on Thursday, October 22nd. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.72. The firm had revenue of $79.56 million for the quarter, compared to analyst estimates of $79.15 million. Corporacion Inmobiliaria Vesta had a net margin of 156.69% and a return on equity of 16.24%. As a group, analysts forecast 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 Dividend Announcement

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

Key Corporacion Inmobiliaria Vesta News

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

• Positive Sentiment: Brokerages’ consensus price target is $42, above the supplied reference price of $37.55, indicating potential upside. However, the consensus rating remains “Hold.” Article: Vesta consensus target price
• Neutral Sentiment: Vesta’s Analyst/Investor Day transcript discusses the company, but the supplied article details no specific new targets or decisions that would clearly change the investment outlook. Article: Vesta Investor Day transcript
• Negative Sentiment: Multiple insiders sold shares: Chairman Lorenzo Berho sold 128,959 shares; CFO Juan Felipe Sottil Achutegui sold 200,000, reducing his stake by 32.81%; and insider Romero Pucheu sold 70,000, reducing his stake by 38.40%. Diego Berho Carranza also sold shares in multiple transactions. The cluster of sales may weigh on sentiment, although insider sales do not necessarily signal a change in company prospects. SEC filing: chairman sale SEC filing: CFO sale SEC filing: insider sale

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of 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 given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $42.00.

About Corporacion Inmobiliaria Vesta

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.