Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Romero Alejandro Pucheu Sells 120,000 Shares

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Romero Alejandro Pucheu sold 120,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $3.44, for a total transaction of $412,800.00. Following the transaction, the insider directly owned 462,287 shares of the company’s stock, valued at $1,590,267.28. This represents a 20.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Corporacion Inmobiliaria Vesta Stock Up 1.7%

VTMX opened at $34.68 on Wednesday. The company has a 50 day moving average of $34.52 and a 200 day moving average of $32.88. The company has a market cap of $2.93 billion, a PE ratio of 8.96, 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 current ratio of 5.66, a quick ratio of 5.66 and a debt-to-equity ratio of 0.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings data on Friday, April 24th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $0.40 by $0.85. The company had revenue of $76.75 million during the quarter, compared to the consensus estimate of $73.32 million. Corporacion Inmobiliaria Vesta had a net margin of 111.99% and a return on equity of 12.23%. On average, sell-side analysts expect that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.3 EPS for the current year.

Corporacion Inmobiliaria Vesta Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were issued a $0.2181 dividend. This is a boost 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 yield of 61.0%. Corporacion Inmobiliaria Vesta’s payout ratio is 4.91%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its holdings in Corporacion Inmobiliaria Vesta by 38.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock valued at $1,017,000 after purchasing an additional 10,236 shares during the period. Centersquare Investment Management LLC boosted its holdings in Corporacion Inmobiliaria Vesta by 4.9% in 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 during the period. Lazard Asset Management LLC boosted its holdings 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, ABC Arbitrage SA boosted its holdings 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. 6.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a report on Sunday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Friday. Barclays raised their price objective on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Zacks Research raised shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Corporacion Inmobiliaria Vesta has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

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.