Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX – Get Free Report) insider Diego Berho Carranza sold 30,000 shares of the company’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $3.64, for a total value of $109,200.00. Following the sale, the insider owned 1,681,661 shares of the company’s stock, valued at $6,121,246.04. This trade represents a 1.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Carranza Diego Berho also recently made the following trade(s):
- On Friday, October 30th, Diego Berho Carranza sold 3,814 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.65, for a total transaction of $13,921.10.
- On Friday, September 4th, Diego Berho Carranza sold 6,219 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.48, for a total value of $21,642.12.
Corporacion Inmobiliaria Vesta Stock Performance
NYSE VTMX traded up $1.04 during trading hours on Wednesday, reaching $37.09. 167,709 shares of the company were exchanged, compared to its average volume of 85,928. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 1 year low of $29.63 and a 1 year high of $38.29. The business’s 50 day simple moving average is $34.33 and its 200-day simple moving average is $34.13. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $3.57 billion, a P/E ratio of 6.76, a P/E/G ratio of 3.63 and a beta of 0.59.
Corporacion Inmobiliaria Vesta (NYSE:VTMX – Get Free Report) last released 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. Corporacion Inmobiliaria Vesta had a return on equity of 16.24% and a net margin of 156.69%. The business had revenue of $79.56 million during the quarter, compared to the consensus estimate of $79.15 million. On average, equities research analysts expect that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 earnings per share for the current year.
Corporacion Inmobiliaria Vesta Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Wednesday, October 14th were issued a dividend of $0.1999 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Wednesday, October 14th. Corporacion Inmobiliaria Vesta’s dividend payout ratio is 12.20%.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded Corporacion Inmobiliaria Vesta from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, October 26th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $42.00.
Get Our Latest Analysis on VTMX
About Corporacion Inmobiliaria Vesta
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.
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