Key Points
- Insider sale: Corporacion Inmobiliaria Vesta insider Romero Alejandro Pucheu sold 120,000 shares at an average price of $3.44, worth about $412,800. The sale reduced his stake by 20.61%.
- Strong quarterly results: The company recently reported earnings of $1.25 per share, easily topping the $0.40 consensus estimate, while revenue came in at $76.75 million versus expectations of $73.32 million.
- Dividend and analyst sentiment: Vesta increased its annual dividend to $0.2181 per share from $0.20, and 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) insider Carranza Diego Berho sold 10,000 shares of the business's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $3.44, for a total transaction of $34,400.00. Following the transaction, the insider owned 1,765,194 shares in the company, valued at $6,072,267.36. This represents a 0.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Carranza Diego Berho also recently made the following trade(s):
- On Wednesday, May 20th, Carranza Diego Berho sold 200,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.41, for a total transaction of $682,000.00.
Corporacion Inmobiliaria Vesta Trading Up 1.7%
NYSE:VTMX opened at $34.68 on Wednesday. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a one year low of $24.99 and a one year high of $37.41. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.66 and a quick ratio of 5.66. The company's 50-day simple moving average is $34.52 and its 200 day simple moving average is $32.88. The firm has a market capitalization of $2.93 billion, a P/E ratio of 8.96, a PEG ratio of 3.37 and a beta of 0.67.
Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last issued its earnings results on Friday, April 24th. The company reported $1.25 earnings per share (EPS) for the quarter, topping 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 net margin of 111.99% and a return on equity of 12.23%. As a group, analysts forecast that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.3 EPS for the current fiscal year.
Corporacion Inmobiliaria Vesta Increases Dividend
The business also recently disclosed an annual dividend, which was paid on Wednesday, May 13th. Stockholders of record on Tuesday, May 5th were issued a dividend of $0.2181 per share. The ex-dividend date of this dividend was Tuesday, May 5th. This is a positive change from Corporacion Inmobiliaria Vesta's previous annual dividend of $0.20. This represents a dividend yield of 61.0%. Corporacion Inmobiliaria Vesta's dividend payout ratio is presently 4.91%.
Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta
A number of hedge funds have recently modified their holdings of VTMX. BNP Paribas Financial Markets boosted its position in shares of Corporacion Inmobiliaria Vesta by 38.1% in the second 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 during the period. Lazard Asset Management LLC boosted its position in shares of Corporacion Inmobiliaria Vesta by 6.6% in the second 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. Centersquare Investment Management LLC boosted its position in shares of Corporacion Inmobiliaria Vesta by 4.9% in the third quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company's stock worth $10,357,000 after purchasing an additional 17,110 shares during the period. Finally, ABC Arbitrage SA boosted its position in shares of Corporacion Inmobiliaria Vesta by 148.8% in the fourth quarter. ABC Arbitrage SA now owns 144,358 shares of the company's stock worth $4,401,000 after purchasing an additional 86,328 shares during the period. 6.61% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on VTMX shares. Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a "hold" rating to a "buy" rating in a report on Sunday. Barclays upped their target price on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an "overweight" rating in a report on Monday, May 4th. Zacks Research raised shares of Corporacion Inmobiliaria Vesta from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 19th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Corporacion Inmobiliaria Vesta in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $40.00.
Check Out Our Latest Stock Analysis on VTMX
About Corporacion Inmobiliaria Vesta
(
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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