Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX – Get Free Report) insider Diego Berho Carranza sold 3,814 shares of the company’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $3.65, for a total transaction of $13,921.10. Following the completion of the sale, the insider directly owned 1,711,661 shares in the company, valued at approximately $6,247,562.65. The trade was a 0.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Carranza Diego Berho also recently made the following trade(s):
- On Friday, September 4th, Diego Berho Carranza sold 6,219 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.48, for a total transaction of $21,642.12.
Corporacion Inmobiliaria Vesta Stock Down 0.5%
NYSE VTMX opened at $36.13 on Wednesday. The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 0.33. The stock’s 50 day moving average is $34.33 and its two-hundred day moving average is $34.13. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 6.58, a PEG ratio of 3.63 and a beta of 0.59. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 1-year low of $29.45 and a 1-year high of $38.29.
Corporacion Inmobiliaria Vesta (NYSE:VTMX – Get Free Report) last issued its earnings results on Thursday, October 22nd. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.72. The business had revenue of $79.56 million during the quarter, compared to analysts’ expectations of $79.15 million. Corporacion Inmobiliaria Vesta had a return on equity of 16.24% and a net margin of 156.69%. 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 Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Wednesday, October 14th were given a $0.1999 dividend. 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 dividend payout ratio is 12.20%.
Analyst Ratings Changes
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 research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $42.00.
Check Out Our Latest Report on Corporacion Inmobiliaria Vesta
Key Stories Impacting Corporacion Inmobiliaria Vesta
Here are the key news stories impacting Corporacion Inmobiliaria Vesta this week:
- Positive Sentiment: Vesta’s latest reported quarter was stronger than expected: EPS was $1.18 versus analysts’ $0.46 estimate, and revenue also edged past expectations. Vesta company and earnings information
- Neutral Sentiment: Analyst opinions remain mixed, with two Buy and three Hold ratings and an average price target of $42. Vesta analyst and company information
- Negative Sentiment: CEO Lorenzo Berho sold 250,000 shares, reducing his stake by 7.18%. Insider Romero Pucheu also reported sales of 57,650 shares and a further 52,350 shares, while Diego Berho Carranza sold 3,814 shares. The cluster of sales—particularly the CEO’s transaction—could weigh on sentiment, although the reports provide no indication that the sales reflect a change in the company’s outlook. Report on CEO share sale Report on insider share sales
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.
Recommended Stories
- Five stocks we like better than Corporacion Inmobiliaria Vesta
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
- Franklin Templeton’s New ETFs Turn Stock Dividends Into Bitcoin—What’s the Catch?
- Apple’s Earnings Beat Comes With a Catch for Investors Heading Into the Holidays
- Palantir’s $2.3 Billion Quarter Puts Its Premium Valuation to the Test
Receive News & Ratings for Corporacion Inmobiliaria Vesta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corporacion Inmobiliaria Vesta and related companies with MarketBeat.com's FREE daily email newsletter.
