Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX – Get Free Report) insider Romero Pucheu sold 52,350 shares of the stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $3.64, for a total transaction of $190,554.00. Following the completion of the transaction, the insider directly owned 302,287 shares of the company’s stock, valued at approximately $1,100,324.68. This trade represents a 14.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Romero Alejandro Pucheu also recently made the following trade(s):
- On Friday, October 30th, Romero Pucheu sold 57,650 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.63, for a total transaction of $209,269.50.
Corporacion Inmobiliaria Vesta Price Performance
Shares of NYSE:VTMX opened at $36.72 on Friday. The business’s 50 day simple moving average is $34.42 and its 200-day simple moving average is $34.17. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 6.69, a price-to-earnings-growth ratio of 3.70 and a beta of 0.59. 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, S.A.B. de C.V. Sponsored ADR has a 12 month low of $29.63 and a 12 month high of $38.29.
Corporacion Inmobiliaria Vesta (NYSE:VTMX – Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The company reported $1.18 earnings per share for the quarter, topping 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 business had revenue of $79.56 million for the quarter, compared to analysts’ expectations of $79.15 million. As a group, equities analysts forecast that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 earnings per share for the current fiscal year.
Corporacion Inmobiliaria Vesta Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Wednesday, October 14th were given a dividend of $0.1999 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Wednesday, October 14th. Corporacion Inmobiliaria Vesta’s payout ratio is presently 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 report on Monday, October 26th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $42.00.
View Our Latest Analysis on Corporacion Inmobiliaria Vesta
Corporacion Inmobiliaria Vesta Company Profile
Corporación Inmobiliaria Vesta, SAB. de C.V., commonly known as Vesta, is a Mexican industrial real estate company focused on the development, acquisition, ownership, leasing and management of industrial properties. Its portfolio is designed to support manufacturing, logistics, distribution and other business operations.
Vesta provides industrial buildings, build-to-suit facilities and logistics-oriented properties for domestic and international companies. The company’s properties are located in major industrial markets across Mexico, including regions serving automotive, aerospace, electronics, logistics and other manufacturing activities.
Vesta was established in Mexico in 1998 and has expanded its platform alongside the country’s manufacturing and nearshoring industries.
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