Corporacion Inmobiliaria Vesta (NYSE:VTMX) CFO Sells 330,714 Shares of Company Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) CFO Juan Felipe Sottil Achutegui sold 330,714 shares of the company’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $3.71, for a total value of $1,226,948.94. Following the completion of the sale, the chief financial officer directly owned 609,567 shares of the company’s stock, valued at $2,261,493.57. The trade was a 35.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, October 28th, Juan Felipe Sottil Achutegui sold 313,839 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.64, for a total value of $1,142,373.96.

Corporacion Inmobiliaria Vesta Stock Down 0.8%

Shares of NYSE:VTMX traded down $0.29 during mid-day trading on Thursday, hitting $36.72. 101,631 shares of the company traded hands, compared to its average volume of 117,844. The firm has a market cap of $3.53 billion, a P/E ratio of 6.69, a PEG ratio of 3.70 and a beta of 0.59. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.46 and a current ratio of 3.46. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 52-week low of $29.63 and a 52-week high of $38.29. The firm’s 50 day simple moving average is $34.42 and its 200 day simple moving average is $34.17.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings results on Thursday, October 22nd. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $0.46 by $0.72. The firm had revenue of $79.56 million for the quarter, compared to analyst estimates of $79.15 million. Corporacion Inmobiliaria Vesta had a return on equity of 16.24% and a net margin of 156.69%. On average, equities analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 EPS for the current year.

Corporacion Inmobiliaria Vesta Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Stockholders of record on Wednesday, October 14th were paid a dividend of $0.1999 per share. The ex-dividend date was Wednesday, October 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.2%. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is currently 12.20%.

Analysts Set New Price Targets

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 investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Corporacion Inmobiliaria Vesta currently has a consensus rating of “Hold” and an average price target of $42.00.

Corporacion Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, SAB. de C.V., commonly known as Vesta, is a Mexican industrial real estate company focused on the development, acquisition, ownership, leasing and management of industrial properties. Its portfolio is designed to support manufacturing, logistics, distribution and other business operations.

Vesta provides industrial buildings, build-to-suit facilities and logistics-oriented properties for domestic and international companies. The company’s properties are located in major industrial markets across Mexico, including regions serving automotive, aerospace, electronics, logistics and other manufacturing activities.

Vesta was established in Mexico in 1998 and has expanded its platform alongside the country’s manufacturing and nearshoring industries.