Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Argueta Fernando Albert Cuevas Sells 4,500 Shares

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Argueta Fernando Albert Cuevas sold 4,500 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $3.42, for a total transaction of $15,390.00. Following the completion of the transaction, the insider owned 242,961 shares in the company, valued at $830,926.62. This represents a 1.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Argueta Fernando Albert Cuevas also recently made the following trade(s):

• On Wednesday, May 20th, Argueta Fernando Albert Cuevas sold 12,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.33, for a total transaction of $39,960.00.

Corporacion Inmobiliaria Vesta Stock Performance

Corporacion Inmobiliaria Vesta stock opened at $33.76 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.26 and a current ratio of 4.26. The company has a market capitalization of $2.86 billion, a PE ratio of 7.34, a P/E/G ratio of 3.61 and a beta of 0.64. The company has a 50 day moving average price of $34.12 and a 200-day moving average price of $34.14. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a fifty-two week low of $25.59 and a fifty-two week high of $37.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $1.09 earnings per share (EPS) for the quarter. The company had revenue of $78.50 million for the quarter. Corporacion Inmobiliaria Vesta had a return on equity of 14.20% and a net margin of 132.22%. As a group, equities analysts forecast that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.82 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th were given a dividend of $0.1999 per share. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.4%. Corporacion Inmobiliaria Vesta’s dividend payout ratio is presently 14.78%.

Analyst Upgrades and Downgrades

VTMX has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Friday, May 22nd. Zacks Research downgraded shares of Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. UBS Group boosted their price target on shares of Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Barclays upped their price target on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, Wall Street Zen downgraded Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Corporacion Inmobiliaria Vesta currently has a consensus rating of “Hold” and a consensus price target of $42.00.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

Institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets raised its holdings 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 purchasing an additional 10,236 shares during the period. ABC Arbitrage SA grew its holdings in Corporacion Inmobiliaria Vesta by 148.8% in the fourth quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock valued at $4,401,000 after purchasing an additional 86,328 shares during the period. Finally, Lazard Asset Management LLC increased its position in shares of Corporacion Inmobiliaria Vesta by 6.6% in the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock valued at $8,803,000 after buying an additional 19,967 shares in the last quarter. 6.61% of the stock is currently owned by institutional investors and hedge funds.

About Corporacion Inmobiliaria Vesta

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.