Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX – Get Free Report) insider Castillo Cacho Guillermo Del sold 3,400 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $3.37, for a total transaction of $11,458.00. Following the sale, the insider owned 17,488 shares of the company’s stock, valued at $58,934.56. This trade represents a 16.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Castillo Cacho Guillermo Del also recently made the following trade(s):
- On Friday, June 26th, Castillo Cacho Guillermo Del sold 3,400 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.37, for a total transaction of $11,458.00.
- On Friday, May 22nd, Castillo Cacho Guillermo Del sold 8,500 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.41, for a total transaction of $28,985.00.
Corporacion Inmobiliaria Vesta Stock Down 0.7%
VTMX opened at $34.40 on Friday. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a twelve month low of $25.59 and a twelve month high of $37.41. The company’s 50-day moving average price is $34.21 and its two-hundred day moving average price is $33.97. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 7.48, a PEG ratio of 3.69 and a beta of 0.64. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.37.
Corporacion Inmobiliaria Vesta Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th were given a $0.1999 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, July 14th. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is currently 14.78%.
Wall Street Analyst Weigh In
VTMX has been the topic of a number of recent research reports. UBS Group upped their price target 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. Zacks Research cut Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Wall Street Zen downgraded shares of Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Barclays increased their target price on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $42.00.
Check Out Our Latest Analysis on VTMX
Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta
Several hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its holdings in 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 in the last quarter. Lazard Asset Management LLC boosted its stake 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 worth $8,803,000 after purchasing an additional 19,967 shares during the period. Finally, ABC Arbitrage SA grew its holdings in Corporacion Inmobiliaria Vesta by 148.8% during the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock valued at $4,401,000 after buying an additional 86,328 shares in the last quarter. 6.61% of the stock is currently owned by hedge funds and other institutional investors.
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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