Insider Selling: Corporacion Inmobiliaria Vesta (NYSE:VTMX) Director Sells $187,413.00 in Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Director Corona Lorenzo Manuel Berho sold 53,700 shares of Corporacion Inmobiliaria Vesta stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $3.49, for a total transaction of $187,413.00. Following the transaction, the director directly owned 20,771,183 shares of the company’s stock, valued at $72,491,428.67. This represents a 0.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 stock was sold at an average price of $3.48, for a total value of $168,264.96.
• On Tuesday, June 9th, Corona Lorenzo Manuel Berho sold 1,648 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.43, for a total value of $5,652.64.
• On Wednesday, May 27th, Corona Lorenzo Manuel Berho sold 300,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.48, for a total value of $1,044,000.00.
• On Tuesday, May 26th, Corona Lorenzo Manuel Berho sold 200,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.48, for a total value of $696,000.00.
• On Wednesday, May 20th, Corona Lorenzo Manuel Berho sold 1,000,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.41, for a total value of $3,410,000.00.

Corporacion Inmobiliaria Vesta Stock Down 1.8%

Shares of Corporacion Inmobiliaria Vesta stock opened at $32.55 on Thursday. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a one year low of $24.99 and a one year high of $37.41. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.66 and a quick ratio of 5.66. The stock’s 50-day moving average is $34.79 and its 200 day moving average is $33.37. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 2.99 and a beta of 0.64.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its earnings results on Wednesday, April 22nd. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $0.40 by $0.85. The business had revenue of $76.75 million during the quarter, compared to analysts’ expectations of $73.32 million. Corporacion Inmobiliaria Vesta had a return on equity of 12.23% and a net margin of 111.99%. Equities research analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.52 EPS for the current year.

Corporacion Inmobiliaria Vesta Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Wednesday, May 13th. Stockholders of record on Tuesday, May 5th were given a dividend of $0.2181 per share. This is a positive change from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a dividend yield of 61.0%. Corporacion Inmobiliaria Vesta’s payout ratio is 4.91%.

Analyst Ratings Changes

VTMX has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Friday, May 22nd. 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. Zacks Research upgraded shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. UBS Group lifted their price target 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. Finally, Barclays upped their price objective on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.00.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

Several hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets raised its position 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 purchasing an additional 10,236 shares during the period. ABC Arbitrage SA grew its position 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 purchasing an additional 86,328 shares during the period. Lazard Asset Management LLC grew its position in Corporacion Inmobiliaria Vesta by 6.6% in the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock valued at $8,803,000 after purchasing an additional 19,967 shares during the period. Finally, Centersquare Investment Management LLC increased its stake in Corporacion Inmobiliaria Vesta by 4.9% during the 3rd quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock valued at $10,357,000 after purchasing an additional 17,110 shares in the last quarter. Institutional investors own 6.61% of the company’s stock.

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.