Insider Selling: Corporacion Inmobiliaria Vesta (NYSE:VTMX) CEO Sells $225,281.00 in Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) CEO Carranza Lorenzo Dominiq Berho sold 64,366 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $3.50, for a total transaction of $225,281.00. Following the completion of the sale, the chief executive officer owned 3,993,199 shares of the company’s stock, valued at $13,976,196.50. This trade represents a 1.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Corporacion Inmobiliaria Vesta Stock Down 0.9%

Shares of NYSE VTMX opened at $34.57 on Thursday. The company has a quick ratio of 5.66, a current ratio of 5.66 and a debt-to-equity ratio of 0.41. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 52 week low of $24.99 and a 52 week high of $37.41. The firm has a 50-day moving average price of $34.81 and a 200 day moving average price of $33.05. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 3.15 and a beta of 0.64.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings data on Friday, April 24th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $0.40 by $0.85. Corporacion Inmobiliaria Vesta had a net margin of 111.99% and a return on equity of 12.23%. The firm had revenue of $76.75 million during the quarter, compared to analysts’ expectations of $73.32 million. Equities research analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.52 EPS for the current fiscal year.

Corporacion Inmobiliaria Vesta Increases Dividend

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

Several hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew 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 worth $1,017,000 after buying an additional 10,236 shares in the last quarter. ABC Arbitrage SA grew its holdings 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 worth $4,401,000 after buying an additional 86,328 shares in the last quarter. Lazard Asset Management LLC grew 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 worth $8,803,000 after buying an additional 19,967 shares in the last quarter. Finally, Centersquare Investment Management LLC grew 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 worth $10,357,000 after buying an additional 17,110 shares in the last quarter. 6.61% of the stock is currently owned by hedge funds and other institutional investors.

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.