Carranza Diego Berho Sells 20,000 Shares of Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Carranza Diego Berho sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $3.52, for a total transaction of $70,400.00. Following the completion of the sale, the insider directly owned 1,725,194 shares in the company, valued at approximately $6,072,682.88. This trade represents a 1.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, May 26th, Carranza Diego Berho sold 10,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.44, for a total transaction of $34,400.00.
• On Wednesday, May 20th, Carranza Diego Berho sold 200,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.41, for a total transaction of $682,000.00.

Corporacion Inmobiliaria Vesta Stock Performance

Corporacion Inmobiliaria Vesta stock opened at $34.57 on Thursday. The firm’s 50 day simple moving average is $34.81 and its 200 day simple moving average is $33.05. The company has a current ratio of 5.66, a quick ratio of 5.66 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $2.92 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 3.15 and a beta of 0.64. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 1-year low of $24.99 and a 1-year high of $37.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its earnings results on Friday, April 24th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.85. The business had revenue of $76.75 million for the quarter, compared to analyst estimates of $73.32 million. Corporacion Inmobiliaria Vesta had a net margin of 111.99% and a return on equity of 12.23%. As a group, analysts expect that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.52 earnings per share for the current fiscal year.

Corporacion Inmobiliaria Vesta Increases Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were issued a dividend of $0.2181 per share. This is a boost from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a yield of 61.0%. Corporacion Inmobiliaria Vesta’s payout ratio is currently 4.91%.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

A number of hedge funds and other institutional investors have recently bought and sold shares of VTMX. BNP Paribas Financial Markets grew its stake 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 worth $1,017,000 after buying an additional 10,236 shares in the last quarter. ABC Arbitrage SA grew 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 buying an additional 86,328 shares in the last quarter. Lazard Asset Management LLC grew its stake in Corporacion Inmobiliaria Vesta by 6.6% in the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock worth $8,803,000 after buying an additional 19,967 shares in the last quarter. Finally, Centersquare Investment Management LLC grew its stake in Corporacion Inmobiliaria Vesta by 4.9% in the 3rd quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock worth $10,357,000 after buying an additional 17,110 shares in the last quarter. Hedge funds and other institutional investors own 6.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Zacks Research raised shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Friday, May 22nd. Barclays upped their target price on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.00.

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.