Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX – Get Free Report) CEO Carranza Lorenzo Dominiq Berho sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $3.42, for a total value of $171,000.00. Following the transaction, the chief executive officer owned 3,943,199 shares in the company, valued at $13,485,740.58. This trade represents a 1.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Carranza Lorenzo Dominiq Berho also recently made the following trade(s):
- On Thursday, May 28th, Carranza Lorenzo Dominiq Berho sold 64,366 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.50, for a total value of $225,281.00.
Corporacion Inmobiliaria Vesta Stock Up 0.2%
Shares of NYSE VTMX traded up $0.07 during mid-day trading on Wednesday, hitting $34.38. 49,873 shares of the stock traded hands, compared to its average volume of 90,703. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 3.09 and a beta of 0.64. The stock has a fifty day moving average price of $34.61 and a 200-day moving average price of $33.44. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 52 week low of $24.99 and a 52 week high of $37.41. 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 firm also recently declared 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 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. This represents a yield of 61.0%. Corporacion Inmobiliaria Vesta’s dividend payout ratio is 4.91%.
Institutional Trading of Corporacion Inmobiliaria Vesta
Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its stake in shares of Corporacion Inmobiliaria Vesta by 38.1% in the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock worth $1,017,000 after buying an additional 10,236 shares in the last quarter. ABC Arbitrage SA lifted its position in Corporacion Inmobiliaria Vesta by 148.8% in the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock valued at $4,401,000 after acquiring an additional 86,328 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its position in Corporacion Inmobiliaria Vesta by 6.6% in the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock valued at $8,803,000 after acquiring an additional 19,967 shares in the last quarter. 6.61% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on VTMX shares. UBS Group raised their target price on shares of Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Friday, May 22nd. Barclays upped their price target 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. Wall Street Zen lowered Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Zacks Research upgraded Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.00.
Read Our Latest Report on Corporacion Inmobiliaria Vesta
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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