Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock: Insider Carranza Lorenzo Dominiq Berho Sells 150,000 Shares

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) CEO Lorenzo Berho sold 150,000 shares of the business’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $3.81, for a total transaction of $571,500.00. Following the completion of the transaction, the chief executive officer owned 3,033,199 shares in the company, valued at approximately $11,556,488.19. This trade represents a 4.71% 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.

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

• On Friday, November 6th, Lorenzo Berho sold 39,831 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.72, for a total transaction of $148,171.32.
• On Wednesday, November 4th, Lorenzo Berho sold 4,128 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.71, for a total transaction of $15,314.88.
• On Friday, October 30th, Lorenzo Berho sold 250,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.62, for a total transaction of $905,000.00.
• On Thursday, October 29th, Lorenzo Berho sold 350,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.65, for a total transaction of $1,277,500.00.
• On Friday, August 21st, Lorenzo Berho sold 60,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.58, for a total value of $214,800.00.

Corporacion Inmobiliaria Vesta Stock Down 0.7%

Shares of VTMX opened at $38.06 on Wednesday. The company has a market capitalization of $3.66 billion, a P/E ratio of 6.94, a PEG ratio of 3.83 and a beta of 0.59. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a one year low of $29.63 and a one year high of $38.50. The business’s 50 day simple moving average is $34.63 and its 200-day simple moving average is $34.26. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.46 and a quick ratio of 3.46.

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. Corporacion Inmobiliaria Vesta had a return on equity of 16.24% and a net margin of 156.69%. The firm had revenue of $79.56 million during the quarter, compared to analysts’ expectations of $79.15 million. As a group, sell-side analysts predict that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 EPS for the current fiscal year.

Corporacion Inmobiliaria Vesta Dividend Announcement

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

Analysts Set New Price Targets

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

More Corporacion Inmobiliaria Vesta News

Here are the key news stories impacting Corporacion Inmobiliaria Vesta this week:

• Negative Sentiment: CEO Lorenzo Berho and other insiders reported selling a combined 373,911 shares in recent transactions. Berho accounted for 200,000 shares, while insider Romero Pucheu sold 120,000 shares—about 40% of his reported position—and Diego Berho Carranza sold 53,911 shares. The volume of insider selling could raise concerns about near-term selling pressure, although Berho retained a substantial stake. Insider sale report

Corporacion Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, S.A.B. de C.V., known as Vesta, is a Mexican real estate company that develops, owns and leases industrial properties. Its portfolio includes industrial parks, manufacturing facilities and logistics properties such as warehouses and distribution centers. The company serves businesses seeking space for manufacturing, storage and distribution, including through facilities developed to meet tenants’ specific requirements. Vesta operates in industrial markets across Mexico.