Corporacion Inmobiliaria Vesta (NYSE:VTMX) Director Corona Lorenzo Manuel Berho Sells 1,000,000 Shares of Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Director Corona Lorenzo Manuel Berho sold 1,000,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $3.41, for a total transaction of $3,410,000.00. Following the completion of the transaction, the director owned 21,374,883 shares in the company, valued at approximately $72,888,351.03. This trade represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Corporacion Inmobiliaria Vesta Price Performance

NYSE:VTMX opened at $34.14 on Friday. The firm has a market cap of $2.89 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 3.37 and a beta of 0.67. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 12 month low of $24.99 and a 12 month high of $37.41. The company has a quick ratio of 5.66, a current ratio of 5.66 and a debt-to-equity ratio of 0.41. The company’s 50-day moving average price is $34.41 and its two-hundred day moving average price is $32.80.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings results on Friday, April 24th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.85. The firm had revenue of $76.75 million for the quarter, compared to analyst estimates of $73.32 million. Corporacion Inmobiliaria Vesta had a net margin of 111.99% and a return on equity of 12.23%. On average, equities analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.3 EPS for the current fiscal year.

Corporacion Inmobiliaria Vesta Increases Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, May 13th. Shareholders of record on Tuesday, May 5th were given a $0.2181 dividend. This represents a yield of 61.0%. This is a boost from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. The ex-dividend date was Tuesday, May 5th. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is presently 4.91%.

Wall Street Analyst Weigh In

VTMX has been the topic of a number of research reports. Weiss Ratings upgraded shares of Corporacion Inmobiliaria Vesta from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, February 24th. Zacks Research upgraded shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Barclays upped 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. Finally, Wall Street Zen lowered shares of Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.00.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

A number of large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its stake in shares of 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. ABC Arbitrage SA raised its stake in shares of Corporacion Inmobiliaria Vesta by 148.8% during the fourth 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 raised its stake in shares of 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, Centersquare Investment Management LLC raised its stake in shares of Corporacion Inmobiliaria Vesta by 4.9% during the third quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock worth $10,357,000 after buying an additional 17,110 shares during the last quarter. 6.61% of the stock is currently owned by institutional investors and hedge funds.

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.