Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Sells 70,000 Shares of Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Romero Pucheu sold 70,000 shares of Corporacion Inmobiliaria Vesta stock in a transaction on Thursday, November 12th. The shares were sold at an average price of $3.78, for a total value of $264,600.00. Following the completion of the transaction, the insider owned 112,287 shares in the company, valued at $424,444.86. This represents a 38.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Friday, November 6th, Romero Pucheu sold 120,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.73, for a total value of $447,600.00.
• 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 value of $190,554.00.
• On Friday, October 30th, Romero Pucheu sold 57,650 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.63, for a total value of $209,269.50.

Corporacion Inmobiliaria Vesta Stock Down 1.2%

VTMX stock traded down $0.47 during trading on Friday, reaching $37.55. 88,533 shares of the company traded hands, compared to its average volume of 88,812. The business has a 50 day simple moving average of $34.77 and a 200 day simple moving average of $34.32. 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 $38.59. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.46 and a current ratio of 3.46. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 6.84, a price-to-earnings-growth ratio of 3.79 and a beta of 0.59.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its earnings results on Thursday, October 22nd. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.72. The business had revenue of $79.56 million during the quarter, compared to the consensus estimate of $79.15 million. Corporacion Inmobiliaria Vesta had a net margin of 156.69% and a return on equity of 16.24%. On average, equities research analysts anticipate 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Wednesday, October 14th were paid 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 payout ratio is 12.20%.

Wall Street Analyst Weigh In

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 equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Corporacion Inmobiliaria Vesta currently has an average rating of “Hold” and an average 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 price target is $42, above the supplied reference price of $37.55, indicating potential upside. However, the consensus rating remains “Hold.” Article: Vesta consensus target price
• Neutral Sentiment: Vesta’s Analyst/Investor Day transcript discusses the company, but the supplied article details no specific new targets or decisions that would clearly change the investment outlook. Article: Vesta Investor Day transcript
• Negative Sentiment: Multiple insiders sold shares: Chairman Lorenzo Berho sold 128,959 shares; CFO Juan Felipe Sottil Achutegui sold 200,000, reducing his stake by 32.81%; and insider Romero Pucheu sold 70,000, reducing his stake by 38.40%. Diego Berho Carranza also sold shares in multiple transactions. The cluster of sales may weigh on sentiment, although insider sales do not necessarily signal a change in company prospects. SEC filing: chairman sale SEC filing: CFO sale SEC filing: insider sale

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.