Castillo Cacho Guillermo Del Sells 8,500 Shares of Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Castillo Cacho Guillermo Del sold 8,500 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $3.41, for a total transaction of $28,985.00. Following the completion of the sale, the insider owned 20,888 shares of the company’s stock, valued at $71,228.08. The trade was a 28.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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 Tuesday, June 23rd, Castillo Cacho Guillermo Del sold 3,400 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.37, for a total transaction of $11,458.00.

Corporacion Inmobiliaria Vesta Stock Performance

Shares of VTMX opened at $34.63 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.26 and a quick ratio of 4.26. The stock has a 50-day moving average of $34.20 and a 200-day moving average of $33.95. The company has a market cap of $2.93 billion, a PE ratio of 7.53, a P/E/G ratio of 3.72 and a beta of 0.64. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a one year low of $25.59 and a one year high of $37.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its earnings results on Wednesday, July 1st. The company reported $1.09 EPS for the quarter. The business had revenue of $78.50 million during the quarter. Corporacion Inmobiliaria Vesta had a return on equity of 14.20% and a net margin of 132.22%. On average, equities research analysts predict that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.82 EPS for the current fiscal year.

Corporacion Inmobiliaria Vesta Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th were given a dividend of $0.1999 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, July 14th. Corporacion Inmobiliaria Vesta’s dividend payout ratio is presently 14.78%.

Wall Street Analysts Forecast Growth

VTMX has been the subject of a number of recent research reports. Wall Street Zen lowered shares of Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. UBS Group raised their price objective on shares of 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 boosted their target price on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Weiss Ratings restated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Friday, May 22nd. Finally, Zacks Research downgraded Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Corporacion Inmobiliaria Vesta currently has a consensus rating of “Hold” and a consensus target price of $42.00.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

Several large investors have recently made changes to their positions in VTMX. ABC Arbitrage SA boosted its holdings in shares of Corporacion Inmobiliaria Vesta by 148.8% in the 4th 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 during the last quarter. Lazard Asset Management LLC increased its holdings in 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 during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings 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 buying an additional 10,236 shares during the last quarter. 6.61% of the stock is owned by hedge funds and other institutional investors.

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.