Insider Selling: Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Sells $167,850.00 in Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Diego Berho Carranza sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $3.73, for a total transaction of $167,850.00. Following the transaction, the insider directly owned 1,636,661 shares in the company, valued at approximately $6,104,745.53. This represents a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Tuesday, November 3rd, Diego Berho Carranza sold 30,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.64, for a total transaction of $109,200.00.
• On Friday, October 30th, Diego Berho Carranza sold 3,814 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.65, for a total transaction of $13,921.10.
• On Friday, September 4th, Diego Berho Carranza sold 6,219 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.48, for a total transaction of $21,642.12.

Corporacion Inmobiliaria Vesta Stock Up 2.1%

Shares of VTMX opened at $37.61 on Friday. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 12 month low of $29.63 and a 12 month high of $38.29. The firm’s 50 day moving average is $34.48 and its 200-day moving average is $34.20. The stock has a market capitalization of $3.62 billion, a PE ratio of 6.86, a P/E/G ratio of 3.76 and a beta of 0.59. The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 0.33.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings results on Thursday, October 22nd. The company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.72. The company had revenue of $79.56 million during the quarter, compared to the consensus estimate of $79.15 million. Corporacion Inmobiliaria Vesta had a net margin of 156.69% and a return on equity of 16.24%. Equities research analysts forecast that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 EPS for the current year.

Corporacion Inmobiliaria Vesta Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Wednesday, October 14th were issued a $0.1999 dividend. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $0.80 annualized dividend and a yield of 2.1%. Corporacion Inmobiliaria Vesta’s payout ratio is currently 12.20%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Corporacion Inmobiliaria Vesta from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, October 26th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Corporacion Inmobiliaria Vesta currently has an average rating of “Hold” and an average target price of $42.00.

Corporacion Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, SAB. de C.V., commonly known as Vesta, is a Mexican industrial real estate company focused on the development, acquisition, ownership, leasing and management of industrial properties. Its portfolio is designed to support manufacturing, logistics, distribution and other business operations.

Vesta provides industrial buildings, build-to-suit facilities and logistics-oriented properties for domestic and international companies. The company’s properties are located in major industrial markets across Mexico, including regions serving automotive, aerospace, electronics, logistics and other manufacturing activities.

Vesta was established in Mexico in 1998 and has expanded its platform alongside the country’s manufacturing and nearshoring industries.