Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock: Insider Romero Alejandro Pucheu Sells 120,000 Shares

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Romero Pucheu sold 120,000 shares of the firm’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $3.73, for a total transaction of $447,600.00. Following the completion of the transaction, the insider directly owned 182,287 shares in the company, valued at approximately $679,930.51. This represents a 39.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Romero Alejandro Pucheu also recently made the following trade(s):

• On Tuesday, November 3rd, Romero Pucheu sold 52,350 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.64, for a total transaction of $190,554.00.
• On Friday, October 30th, Romero Pucheu sold 57,650 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.63, for a total transaction of $209,269.50.

Corporacion Inmobiliaria Vesta Stock Down 0.7%

Shares of NYSE VTMX opened at $38.06 on Wednesday. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 12-month low of $29.63 and a 12-month high of $38.50. The stock has a market cap of $3.66 billion, a PE ratio of 6.94, a P/E/G ratio of 3.83 and a beta of 0.59. The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average of $34.63 and a 200 day moving average of $34.26.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Wednesday, October 14th were issued 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 Stories Impacting Corporacion Inmobiliaria Vesta

Here are the key news stories impacting Corporacion Inmobiliaria Vesta this week:

• Negative Sentiment: CEO Lorenzo Berho and other insiders reported selling a combined 373,911 shares in recent transactions. Berho accounted for 200,000 shares, while insider Romero Pucheu sold 120,000 shares—about 40% of his reported position—and Diego Berho Carranza sold 53,911 shares. The volume of insider selling could raise concerns about near-term selling pressure, although Berho retained a substantial stake. Insider sale report

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Corporacion Inmobiliaria Vesta from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, October 26th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Corporacion Inmobiliaria Vesta presently has a consensus rating of “Hold” and a consensus target price 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.