Carranza Diego Berho Sells 3,500 Shares of Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Carranza Diego Berho sold 3,500 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $3.41, for a total value of $11,935.00. Following the transaction, the insider directly owned 1,721,694 shares in the company, valued at approximately $5,870,976.54. This represents a 0.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Carranza Diego Berho also recently made the following trade(s):

• On Monday, June 8th, Carranza Diego Berho sold 10,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.44, for a total value of $34,400.00.
• On Friday, May 29th, Carranza Diego Berho sold 20,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.52, for a total value of $70,400.00.
• On Tuesday, May 26th, Carranza Diego Berho sold 10,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.44, for a total value of $34,400.00.
• On Wednesday, May 20th, Carranza Diego Berho sold 200,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.41, for a total transaction of $682,000.00.

Corporacion Inmobiliaria Vesta Stock Down 0.1%

VTMX stock opened at $34.40 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.66 and a quick ratio of 5.66. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 1-year low of $24.99 and a 1-year high of $37.41. The firm has a fifty day moving average price of $34.56 and a two-hundred day moving average price of $33.49. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 3.11 and a beta of 0.64.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its earnings results on Wednesday, April 22nd. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $76.75 million for the quarter, compared to analysts’ expectations of $73.32 million. Research analysts predict that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.52 EPS for the current year.

Corporacion Inmobiliaria Vesta Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th will be paid a dividend of $0.1999 per share. The ex-dividend date is Tuesday, July 14th. This represents a $0.80 annualized dividend and a yield of 2.3%. Corporacion Inmobiliaria Vesta’s dividend payout ratio is 4.65%.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

Several hedge funds and other institutional investors have recently made changes to their positions in VTMX. BNP Paribas Financial Markets grew its holdings in Corporacion Inmobiliaria Vesta by 38.1% in the 2nd 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 raised its stake in Corporacion Inmobiliaria Vesta by 148.8% during the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock valued at $4,401,000 after acquiring an additional 86,328 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in Corporacion Inmobiliaria Vesta by 6.6% during the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock worth $8,803,000 after acquiring an additional 19,967 shares during the period. 6.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on VTMX. Weiss Ratings restated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Friday, May 22nd. Barclays raised their price target on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. UBS Group upped their price objective on Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Wall Street Zen lowered Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Zacks Research raised shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Corporacion Inmobiliaria Vesta currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.00.

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.