Insider Selling: Corporacion Inmobiliaria Vesta (NYSE:VTMX) VP Sells $21,600.54 in Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) VP Melgar Pablo Barcos sold 6,154 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $3.51, for a total transaction of $21,600.54. Following the sale, the vice president directly owned 5,000 shares of the company’s stock, valued at $17,550. The trade was a 55.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Corporacion Inmobiliaria Vesta Price Performance

Shares of NYSE:VTMX opened at $33.82 on Friday. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $2.86 billion, a PE ratio of 7.36, a price-to-earnings-growth ratio of 3.50 and a beta of 0.66. The firm’s 50 day moving average price is $33.81 and its 200-day moving average price is $34.24. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a twelve month low of $25.59 and a twelve month high of $37.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its earnings results on Wednesday, July 1st. The company reported $1.09 earnings per share (EPS) for the quarter. Corporacion Inmobiliaria Vesta had a net margin of 132.22% and a return on equity of 14.20%. The company had revenue of $78.50 million during the quarter. Equities research analysts expect that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.90 EPS for the current year.

Corporacion Inmobiliaria Vesta Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Wednesday, October 14th will be given a dividend of $0.1999 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.4%. Corporacion Inmobiliaria Vesta’s payout ratio is presently 14.78%.

Analyst Ratings Changes

A number of equities analysts recently commented on VTMX shares. Wall Street Zen cut Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Zacks Research lowered Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. UBS Group upped their price target on Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Wednesday, August 19th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Corporacion Inmobiliaria Vesta currently has a consensus rating of “Hold” and an average target price of $42.00.

About Corporacion Inmobiliaria Vesta

Corporación Inmobiliaria Vesta, SAB. de C.V., operating under the Vesta name, is a Mexican industrial real estate company that develops, owns, leases and operates industrial properties. Its portfolio is focused on facilities used for manufacturing, logistics, distribution and related business activities.

Vesta provides industrial space in Mexico through properties located in established and emerging manufacturing and logistics markets. The company serves domestic and international businesses, including manufacturers and supply-chain operators, and develops facilities that can support both standardized requirements and build-to-suit occupancy needs.

Founded in 1998, Vesta has expanded its presence alongside Mexico’s manufacturing and nearshoring sectors.