Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Romero Alejandro Pucheu Sells 50,000 Shares

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMXGet Free Report) insider Romero Alejandro Pucheu sold 50,000 shares of Corporacion Inmobiliaria Vesta stock in a transaction on Friday, May 29th. The shares were sold at an average price of $3.49, for a total transaction of $174,500.00. Following the transaction, the insider owned 412,287 shares in the company, valued at $1,438,881.63. The trade was a 10.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Romero Alejandro Pucheu also recently made the following trade(s):

  • On Thursday, May 21st, Romero Alejandro Pucheu sold 120,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.44, for a total transaction of $412,800.00.

Corporacion Inmobiliaria Vesta Stock Performance

NYSE:VTMX opened at $34.74 on Wednesday. The company has a current ratio of 5.66, a quick ratio of 5.66 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 3.14 and a beta of 0.64. The firm’s fifty day simple moving average is $34.70 and its 200 day simple moving average is $32.99. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a twelve month low of $24.99 and a twelve month high of $37.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMXGet Free Report) last posted its earnings results on Friday, April 24th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.85. The business had revenue of $76.75 million for the quarter, compared to analyst estimates of $73.32 million. Corporacion Inmobiliaria Vesta had a net margin of 111.99% and a return on equity of 12.23%. As a group, equities research analysts expect that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.52 earnings per share for the current fiscal year.

Corporacion Inmobiliaria Vesta Increases Dividend

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

Analyst Ratings Changes

A number of brokerages have commented on VTMX. Barclays boosted 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Friday, May 22nd. Wall Street Zen upgraded shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. Finally, Zacks Research upgraded 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, Corporacion Inmobiliaria Vesta has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

View Our Latest Research Report on VTMX

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Centersquare Investment Management LLC increased its position in shares of Corporacion Inmobiliaria Vesta by 4.9% in the 3rd quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock worth $10,357,000 after purchasing an additional 17,110 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Corporacion Inmobiliaria Vesta by 6.6% in the 2nd 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. 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. Finally, BNP Paribas Financial Markets increased its position in shares of Corporacion Inmobiliaria Vesta by 38.1% in the 2nd 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. Institutional investors own 6.61% of the company’s stock.

Corporacion Inmobiliaria Vesta Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Corporacion Inmobiliaria Vesta (NYSE:VTMX)

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