Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX – Get Free Report) Director Corona Lorenzo Manuel Berho sold 4,513 shares of the stock in a transaction that occurred on Friday, June 19th. The shares were sold at an average price of $3.45, for a total transaction of $15,569.85. Following the sale, the director owned 20,766,670 shares in the company, valued at approximately $71,645,011.50. The trade was a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Corona Lorenzo Manuel Berho also recently made the following trade(s):
- On Thursday, June 18th, Corona Lorenzo Manuel Berho sold 53,700 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.49, for a total value of $187,413.00.
- On Monday, June 15th, Corona Lorenzo Manuel Berho sold 48,352 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.48, for a total value of $168,264.96.
- On Tuesday, June 9th, Corona Lorenzo Manuel Berho sold 1,648 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.43, for a total value of $5,652.64.
- On Wednesday, May 27th, Corona Lorenzo Manuel Berho sold 300,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.48, for a total value of $1,044,000.00.
- 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 value 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 value of $3,410,000.00.
Corporacion Inmobiliaria Vesta Price Performance
NYSE VTMX opened at $33.17 on Wednesday. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a one year low of $24.99 and a one year high of $37.41. The stock has a 50-day moving average of $34.85 and a 200 day moving average of $33.36. 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 company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 3.04 and a beta of 0.64.
Corporacion Inmobiliaria Vesta Increases Dividend
The business also recently disclosed an annual dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were given a dividend of $0.2181 per share. This represents a yield of 61.0%. This is a positive change from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. The ex-dividend date was Tuesday, May 5th. Corporacion Inmobiliaria Vesta’s payout ratio is currently 4.65%.
Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta
A number of institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets grew its holdings in Corporacion Inmobiliaria Vesta by 38.1% during the second 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. ABC Arbitrage SA raised its stake in shares of Corporacion Inmobiliaria Vesta by 148.8% in the fourth quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock worth $4,401,000 after buying an additional 86,328 shares during the period. Lazard Asset Management LLC raised its stake in shares of Corporacion Inmobiliaria Vesta by 6.6% in the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock worth $8,803,000 after buying an additional 19,967 shares during the period. Finally, Centersquare Investment Management LLC lifted its position 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 buying an additional 17,110 shares in the last quarter. 6.61% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on VTMX. Wall Street Zen lowered shares of Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Research upgraded Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. UBS Group upped their price objective on Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Friday, May 22nd. Finally, Barclays boosted their price target on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. One investment 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 company’s stock. According to data from MarketBeat.com, Corporacion Inmobiliaria Vesta presently has an average rating of “Moderate Buy” and an average target price of $42.00.
View Our Latest Research Report on VTMX
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.
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