Corporacion Inmobiliaria Vesta (NYSE:VTMX) CFO Sells $340,233.12 in Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) CFO Achutegui Juan Felipe Sottil sold 97,488 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $3.49, for a total value of $340,233.12. Following the completion of the sale, the chief financial officer owned 1,254,120 shares in the company, valued at approximately $4,376,878.80. The trade was a 7.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Corporacion Inmobiliaria Vesta Trading Down 0.1%

Shares of NYSE VTMX opened at $33.78 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 5.66 and a current ratio of 5.66. The business’s 50 day moving average price is $34.85 and its 200-day moving average price is $33.10. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a fifty-two week low of $24.99 and a fifty-two week high of $37.41. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 3.06 and a beta of 0.64.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its quarterly earnings results on Friday, April 24th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.85. Corporacion Inmobiliaria Vesta had a return on equity of 12.23% and a net margin of 111.99%.The firm had revenue of $76.75 million for the quarter, compared to the consensus estimate of $73.32 million. On average, sell-side analysts expect that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.52 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Increases Dividend

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

Institutional Trading of Corporacion Inmobiliaria Vesta

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its holdings in shares of Corporacion Inmobiliaria Vesta by 38.1% during 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 last quarter. Centersquare Investment Management LLC lifted its holdings in shares of 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 during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Corporacion Inmobiliaria Vesta by 6.6% during 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 last quarter. Finally, ABC Arbitrage SA lifted its holdings in shares of Corporacion Inmobiliaria Vesta by 148.8% during 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 last quarter. Hedge funds and other institutional investors own 6.61% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on VTMX. Zacks Research raised Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Wall Street Zen raised Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Friday, May 22nd. Finally, Barclays increased their price objective on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

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.