Insider Selling: Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Sells $11,458.00 in Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Castillo Cacho Guillermo Del sold 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $3.37, for a total transaction of $11,458.00. Following the completion of the transaction, the insider owned 17,488 shares in the company, valued at approximately $58,934.56. This represents a 16.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Castillo Cacho Guillermo Del also recently made the following trade(s):

• On Friday, June 26th, Castillo Cacho Guillermo Del sold 3,400 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.37, for a total transaction of $11,458.00.
• On Friday, May 22nd, Castillo Cacho Guillermo Del sold 8,500 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.41, for a total transaction of $28,985.00.

Corporacion Inmobiliaria Vesta Stock Up 1.4%

Shares of NYSE VTMX traded up $0.49 during mid-day trading on Tuesday, reaching $34.80. The company had a trading volume of 14,370 shares, compared to its average volume of 90,509. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.26 and a current ratio of 4.26. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a twelve month low of $25.59 and a twelve month high of $37.41. The stock’s 50 day moving average is $34.19 and its 200-day moving average is $33.90. The stock has a market capitalization of $2.94 billion, a PE ratio of 7.56, a price-to-earnings-growth ratio of 3.58 and a beta of 0.64.

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

Corporacion Inmobiliaria Vesta Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th were paid 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 2.3%. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is 14.78%.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its position in Corporacion Inmobiliaria Vesta by 38.1% during 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 period. ABC Arbitrage SA raised its position in shares of 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 raised 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 purchasing an additional 19,967 shares during the period. 6.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on VTMX. UBS Group boosted their price target 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. Barclays raised their price objective on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Wall Street Zen downgraded shares of Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Zacks Research lowered shares of Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Friday, May 22nd. 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 currently has an average rating of “Hold” and an average price target 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.