Corporacion Inmobiliaria Vesta (NYSE:VTMX) Director Corona Lorenzo Manuel Berho Sells 200,000 Shares of Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Director Corona Lorenzo Manuel Berho sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $3.48, for a total value of $696,000.00. Following the transaction, the director directly owned 21,174,883 shares in the company, valued at $73,688,592.84. This trade represents a 0.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Corona Lorenzo Manuel Berho also recently made the following trade(s):

• On Wednesday, May 27th, Corona Lorenzo Manuel Berho sold 300,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.48, for a total value of $1,044,000.00.
• On Wednesday, May 20th, Corona Lorenzo Manuel Berho sold 1,000,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.41, for a total value of $3,410,000.00.

Corporacion Inmobiliaria Vesta Stock Up 0.1%

Shares of NYSE:VTMX opened at $34.93 on Friday. The stock’s 50-day moving average price is $34.62 and its 200-day moving average price is $32.94. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 12-month low of $24.99 and a 12-month high of $37.41. The stock has a market capitalization of $2.95 billion, a P/E ratio of 9.03, a price-to-earnings-growth ratio of 3.45 and a beta of 0.67. The company has a current ratio of 5.66, a quick ratio of 5.66 and a debt-to-equity ratio of 0.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings data on Friday, April 24th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.85. The firm had revenue of $76.75 million for the quarter, compared to analysts’ expectations of $73.32 million. Corporacion Inmobiliaria Vesta had a return on equity of 12.23% and a net margin of 111.99%. On average, equities analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.3 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Increases Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were paid a $0.2181 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This is a boost from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. This represents a dividend yield of 61.0%. Corporacion Inmobiliaria Vesta’s payout ratio is 4.91%.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

Several hedge funds have recently made changes to their positions in VTMX. ABC Arbitrage SA boosted its position in shares of Corporacion Inmobiliaria Vesta by 148.8% during 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 in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Corporacion Inmobiliaria Vesta by 6.6% during 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 last quarter. Centersquare Investment Management LLC lifted its holdings in shares of Corporacion Inmobiliaria Vesta by 4.9% during the third quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock valued at $10,357,000 after purchasing an additional 17,110 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Corporacion Inmobiliaria Vesta by 38.1% during the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock valued at $1,017,000 after purchasing an additional 10,236 shares during the last quarter. 6.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Friday, May 22nd. Wall Street Zen raised Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. Zacks Research raised Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Finally, Barclays raised their target price on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Corporacion Inmobiliaria Vesta has an average rating of “Moderate Buy” and an average price target of $40.00.

About Corporacion Inmobiliaria Vesta

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.