Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX – Get Free Report) insider Diego Berho Carranza sold 45,000 shares of the stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $3.73, for a total transaction of $167,850.00. Following the transaction, the insider owned 1,636,661 shares in the company, valued at $6,104,745.53. This trade represents a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Carranza Diego Berho also recently made the following trade(s):
- On Tuesday, November 3rd, Diego Berho Carranza sold 30,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.64, for a total transaction of $109,200.00.
- 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 stock was sold at an average price of $3.48, for a total transaction of $21,642.12.
Corporacion Inmobiliaria Vesta Stock Down 0.8%
Shares of Corporacion Inmobiliaria Vesta stock traded down $0.29 during trading on Thursday, reaching $36.72. The company had a trading volume of 101,631 shares, compared to its average volume of 117,844. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.46 and a current ratio of 3.46. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a fifty-two week low of $29.63 and a fifty-two week high of $38.29. The firm’s fifty day moving average is $34.42 and its 200-day moving average is $34.17. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 6.69, a price-to-earnings-growth ratio of 3.70 and a beta of 0.59.
Corporacion Inmobiliaria Vesta (NYSE:VTMX – Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The company reported $1.18 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 the consensus estimate of $79.15 million. Corporacion Inmobiliaria Vesta had a return on equity of 16.24% and a net margin of 156.69%. On average, analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 EPS for the current year.
Corporacion Inmobiliaria Vesta Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Shareholders 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 (DPR) is currently 12.20%.
Analysts Set New Price Targets
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 equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Corporacion Inmobiliaria Vesta currently has a consensus rating of “Hold” and a consensus target price of $42.00.
Read Our Latest Report 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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