Corona Lorenzo Manuel Berho Sells 33,442 Shares of Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Director Corona Lorenzo Manuel Berho sold 33,442 shares of the business’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $3.51, for a total transaction of $117,381.42. Following the transaction, the director owned 20,683,228 shares in the company, valued at approximately $72,598,130.28. The trade was a 0.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, June 18th, Corona Lorenzo Manuel Berho sold 53,700 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.49, for a total transaction of $187,413.00.
• On Friday, June 19th, Corona Lorenzo Manuel Berho sold 4,513 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.45, for a total transaction of $15,569.85.
• On Monday, June 15th, Corona Lorenzo Manuel Berho sold 48,352 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.48, for a total transaction of $168,264.96.
• On Tuesday, June 9th, Corona Lorenzo Manuel Berho sold 1,648 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.43, for a total transaction of $5,652.64.

Corporacion Inmobiliaria Vesta Trading Down 1.0%

Corporacion Inmobiliaria Vesta stock opened at $34.16 on Friday. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 52 week low of $25.59 and a 52 week high of $37.41. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.26 and a current ratio of 4.26. The stock has a market capitalization of $2.89 billion, a P/E ratio of 7.43, a PEG ratio of 3.67 and a beta of 0.64. The stock has a 50-day simple moving average of $34.24 and a 200 day simple moving average of $34.32.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings data on Wednesday, July 1st. The company reported $1.09 earnings per share (EPS) for the quarter. Corporacion Inmobiliaria Vesta had a return on equity of 14.20% and a net margin of 132.22%.The firm had revenue of $78.50 million for the quarter. Analysts expect that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.82 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th were paid 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 was Tuesday, July 14th. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is currently 14.78%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on VTMX shares. Barclays boosted their price objective on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Zacks Research downgraded Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Wall Street Zen downgraded shares of Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. UBS Group lifted their price objective on shares of Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Wednesday, August 19th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Corporacion Inmobiliaria Vesta presently has an average rating of “Hold” and a consensus target price of $42.00.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

Several institutional investors and hedge funds have recently bought and sold shares of VTMX. ABC Arbitrage SA increased its holdings in Corporacion Inmobiliaria Vesta by 148.8% in the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock valued at $4,401,000 after buying an additional 86,328 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of 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. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Corporacion Inmobiliaria Vesta by 38.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock worth $1,017,000 after acquiring an additional 10,236 shares during the period. Institutional investors own 6.61% of the company’s stock.

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.