Key Points
- Director Corona Lorenzo Manuel Berho sold 1,000,000 shares of Corporacion Inmobiliaria Vesta at an average price of $3.41, totaling about $3.41 million and reducing his stake by 4.47%.
- The company reported strong quarterly results, with earnings per share of $1.25 versus the $0.40 consensus estimate and revenue of $76.75 million, also ahead of expectations.
- Vesta increased its annual dividend to $0.2181 per share from $0.20, while analysts currently rate the stock a Moderate Buy with a consensus price target of $40.00.
Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) CIO Bosch Rodrigo Cueto sold 51,001 shares of Corporacion Inmobiliaria Vesta stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $3.41, for a total value of $173,913.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Corporacion Inmobiliaria Vesta Stock Performance
Shares of VTMX opened at $34.14 on Friday. The stock has a 50-day simple moving average of $34.41 and a 200-day simple moving average of $32.80. The company has a debt-to-equity ratio of 0.41, a quick ratio of 5.66 and a current ratio of 5.66. The stock has a market capitalization of $2.89 billion, a PE ratio of 8.82, a PEG ratio of 3.37 and a beta of 0.67. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 1 year low of $24.99 and a 1 year high of $37.41.
Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last announced its quarterly earnings data on Friday, April 24th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.85. The business had revenue of $76.75 million during the quarter, compared to analysts' expectations of $73.32 million. Corporacion Inmobiliaria Vesta had a return on equity of 12.23% and a net margin of 111.99%. On average, analysts predict that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.3 earnings per share for the current fiscal year.
Corporacion Inmobiliaria Vesta Increases Dividend
The firm also recently announced an annual dividend, which was paid on Wednesday, May 13th. Stockholders of record on Tuesday, May 5th were given a dividend of $0.2181 per share. This is a boost 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 dividend yield of 61.0%. Corporacion Inmobiliaria Vesta's dividend payout ratio is 4.91%.
Analyst Ratings Changes
Several brokerages have recently weighed in on VTMX. Weiss Ratings raised Corporacion Inmobiliaria Vesta from a "sell (d+)" rating to a "hold (c)" rating in a research report on Tuesday, February 24th. Wall Street Zen lowered Corporacion Inmobiliaria Vesta from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. Zacks Research raised Corporacion Inmobiliaria Vesta from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Finally, Barclays raised their target price on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an "overweight" rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $40.00.
Get Our Latest Stock Report on Corporacion Inmobiliaria Vesta
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Centersquare Investment Management LLC increased its position in Corporacion Inmobiliaria Vesta by 4.9% during the third quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company's stock worth $10,357,000 after buying an additional 17,110 shares during the period. ABC Arbitrage SA increased its position in Corporacion Inmobiliaria Vesta by 148.8% during the fourth quarter. ABC Arbitrage SA now owns 144,358 shares of the company's stock worth $4,401,000 after buying an additional 86,328 shares during the period. Lazard Asset Management LLC increased its position in Corporacion Inmobiliaria Vesta by 6.6% during the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company's stock worth $8,803,000 after buying an additional 19,967 shares during the period. Finally, BNP Paribas Financial Markets increased its position in Corporacion Inmobiliaria Vesta by 38.1% during 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 during the period. Institutional investors and hedge funds own 6.61% of the company's stock.
Corporacion Inmobiliaria Vesta Company Profile
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Get Free Report)
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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