Insider Selling: Corporacion Inmobiliaria Vesta (NYSE:VTMX) CEO Sells $171,000.00 in Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) CEO Carranza Lorenzo Dominiq Berho sold 50,000 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $3.42, for a total value of $171,000.00. Following the completion of the sale, the chief executive officer owned 3,943,199 shares of the company’s stock, valued at approximately $13,485,740.58. This represents a 1.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Thursday, May 28th, Carranza Lorenzo Dominiq Berho sold 64,366 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.50, for a total value of $225,281.00.

Corporacion Inmobiliaria Vesta Price Performance

Shares of NYSE VTMX opened at $34.40 on Friday. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 1-year low of $24.99 and a 1-year high of $37.41. The business has a 50-day moving average of $34.53 and a 200-day moving average of $33.50. 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 company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 3.13 and a beta of 0.64.

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

Corporacion Inmobiliaria Vesta Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th will be given a $0.1999 dividend. The ex-dividend date of this dividend is Tuesday, July 14th. This represents a $0.80 annualized dividend and a yield of 2.3%. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is 4.91%.

Wall Street Analysts Forecast Growth

VTMX has been the topic of a number of recent research reports. Wall Street Zen cut shares of Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. UBS Group lifted their price target 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Friday, May 22nd. 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 research report on Monday, May 4th. Finally, Zacks Research raised Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. One 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $42.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VTMX. ABC Arbitrage SA increased its position in shares of Corporacion Inmobiliaria Vesta by 148.8% in the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock worth $4,401,000 after purchasing an additional 86,328 shares during the last quarter. Lazard Asset Management LLC lifted its position 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 purchasing an additional 19,967 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted 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 last quarter. 6.61% of the stock is currently owned by institutional investors.

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.