Corporacion Inmobiliaria Vesta (NYSE:VTMX) CFO Achutegui Juan Felipe Sottil Sells 200,000 Shares of Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) CFO Juan Felipe Sottil Achutegui sold 200,000 shares of the company’s stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $3.80, for a total value of $760,000.00. Following the transaction, the chief financial officer directly owned 409,567 shares in the company, valued at $1,556,354.60. The trade was a 32.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Achutegui Juan Felipe Sottil also recently made the following trade(s):

• On Wednesday, November 4th, Juan Felipe Sottil Achutegui sold 330,714 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.71, for a total value of $1,226,948.94.
• On Wednesday, October 28th, Juan Felipe Sottil Achutegui sold 313,839 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.64, for a total value of $1,142,373.96.

Corporacion Inmobiliaria Vesta Trading Up 0.3%

Shares of NYSE VTMX opened at $37.97 on Friday. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a one year low of $29.63 and a one year high of $38.59. The firm has a market capitalization of $3.65 billion, a PE ratio of 6.92, a PEG ratio of 3.79 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 business has a 50-day moving average price of $34.77 and a two-hundred day moving average price of $34.32.

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, beating the consensus estimate of $0.46 by $0.72. The company had revenue of $79.56 million for the quarter, compared to analysts’ expectations of $79.15 million. Corporacion Inmobiliaria Vesta had a return on equity of 16.24% and a net margin of 156.69%. As a group, analysts predict 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 business also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Wednesday, October 14th were issued a dividend of $0.1999 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Wednesday, October 14th. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is currently 12.20%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Corporacion Inmobiliaria Vesta from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, October 26th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $42.00.

Key Headlines Impacting Corporacion Inmobiliaria Vesta

These are some of the VTMX headlines that stood out recently:

• Positive Sentiment: Brokerages’ consensus target is $42.00, about 11% above the supplied reference price of $37.97, suggesting analysts see further upside. Article: Vesta consensus target price
• Neutral Sentiment: Vesta announced an Investor Day focused on an update to its Route 2030 strategy and financial framework; the event and published transcript may provide investors more detail, but the supplied reports do not describe specific new targets or decisions. Article: Vesta Investor Day announcement Article: Vesta Investor Day transcript
• Negative Sentiment: Insiders reported multiple sales: CFO Juan Felipe Sottil Achutegui sold 200,000 shares, reducing his ownership by 32.81%; Diego Berho Carranza sold 103,065 shares across two transactions. Such sales can raise concerns about insider confidence, though they do not necessarily indicate a change in the company’s outlook. SEC filing: CFO sale SEC filing: insider sales

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.