Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX – Get Free Report) Director Corona Lorenzo Manuel Berho sold 300,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $3.48, for a total transaction of $1,044,000.00. Following the completion of the transaction, the director directly owned 20,874,883 shares of the company’s stock, valued at $72,644,592.84. The trade was a 1.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Corona Lorenzo Manuel Berho also recently made the following trade(s):
- On Tuesday, May 26th, Corona Lorenzo Manuel Berho sold 200,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.48, for a total transaction of $696,000.00.
- On Wednesday, May 20th, Corona Lorenzo Manuel Berho sold 1,000,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.41, for a total transaction of $3,410,000.00.
Corporacion Inmobiliaria Vesta Price Performance
VTMX stock traded up $0.05 during trading on Thursday, hitting $34.93. The stock had a trading volume of 111,058 shares, compared to its average volume of 160,392. The company’s 50 day moving average price is $34.62 and its two-hundred day moving average price is $32.94. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 1-year low of $24.99 and a 1-year high of $37.41. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 3.45 and a beta of 0.67. The company has a debt-to-equity ratio of 0.41, a quick ratio of 5.66 and a current ratio of 5.66.
Corporacion Inmobiliaria Vesta Increases Dividend
The company also recently announced 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%. The ex-dividend date of this dividend was Tuesday, May 5th. This is a positive change from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. Corporacion Inmobiliaria Vesta’s dividend payout ratio is presently 4.91%.
Analyst Ratings Changes
A number of research firms have recently commented on VTMX. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Friday, May 22nd. Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a research note on Sunday. Barclays upped their price objective on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, Zacks Research raised shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.00.
Read Our Latest Stock Report on VTMX
Institutional Trading of Corporacion Inmobiliaria Vesta
A number of institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets grew 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 worth $1,017,000 after purchasing an additional 10,236 shares during the period. Centersquare Investment Management LLC grew 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 worth $10,357,000 after purchasing an additional 17,110 shares during the period. Lazard Asset Management LLC grew 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 worth $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 worth $4,401,000 after acquiring an additional 86,328 shares during the period. Hedge funds and other institutional investors own 6.61% of the company’s stock.
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.
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