Corporacion Inmobiliaria Vesta (NYSE:VTMX) CEO Carranza Lorenzo Dominiq Berho Sells 50,000 Shares of Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) CEO Carranza Lorenzo Dominiq Berho sold 50,000 shares of the company’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $3.42, for a total transaction of $171,000.00. Following the sale, the chief executive officer owned 3,943,199 shares of the company’s stock, valued at $13,485,740.58. This represents a 1.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 Stock Up 0.2%

NYSE VTMX opened at $34.38 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.66 and a quick ratio of 5.66. The stock has a market capitalization of $2.91 billion, a PE ratio of 8.88, a PEG ratio of 3.10 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. The business’s 50-day moving average is $34.58 and its 200 day moving average is $33.46.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.85. The business had revenue of $76.75 million during the quarter, compared to analyst estimates of $73.32 million. Corporacion Inmobiliaria Vesta had a return on equity of 12.23% and a net margin of 111.99%. Sell-side analysts forecast that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.52 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Increases Dividend

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

Institutional Trading of Corporacion Inmobiliaria Vesta

A number of institutional investors and hedge funds have recently modified their holdings of VTMX. BNP Paribas Financial Markets raised its stake in shares of Corporacion Inmobiliaria Vesta by 38.1% in the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock worth $1,017,000 after purchasing an additional 10,236 shares during the last quarter. ABC Arbitrage SA boosted its position in shares of Corporacion Inmobiliaria Vesta by 148.8% during the fourth 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 during the last quarter. Finally, Lazard Asset Management LLC increased its holdings 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. Institutional investors own 6.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on VTMX shares. Wall Street Zen cut Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. UBS Group raised their target price on Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Zacks Research upgraded Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Friday, May 22nd. Finally, Barclays raised their price objective on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.00.

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.