Key Points
- Insider sale: Corporacion Inmobiliaria Vesta insider Argueta Fernando Albert Cuevas sold 12,000 shares on May 20 at an average price of $3.33, totaling about $39,960. After the transaction, he still held 259,461 shares.
- Recent company performance: Vesta reported quarterly EPS of $1.25, comfortably ahead of the $0.40 analyst estimate, while revenue of $76.75 million also topped expectations. The company also raised its annual dividend to $0.2181 from $0.20.
- Analyst and stock backdrop: Sentiment remains generally positive, with a consensus rating of Moderate Buy and an average price target of $40.00. The stock recently traded at $34.91, below that target, and the company has a strong balance sheet with a current ratio of 5.66 and debt-to-equity ratio of 0.41.
Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) insider Argueta Fernando Albert Cuevas sold 12,000 shares of the company's stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $3.33, for a total transaction of $39,960.00. Following the sale, the insider directly owned 259,461 shares of the company's stock, valued at $864,005.13. This represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Corporacion Inmobiliaria Vesta Price Performance
VTMX stock opened at $34.91 on Thursday. The company has a current ratio of 5.66, a quick ratio of 5.66 and a debt-to-equity ratio of 0.41. 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 firm has a market capitalization of $2.95 billion, a PE ratio of 9.02, a P/E/G ratio of 3.42 and a beta of 0.67. The firm has a 50-day moving average of $34.58 and a two-hundred day moving average of $32.91.
Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last posted its quarterly earnings data on Friday, April 24th. The company reported $1.25 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.85. Corporacion Inmobiliaria Vesta had a net margin of 111.99% and a return on equity of 12.23%. The company had revenue of $76.75 million during the quarter, compared to analyst estimates of $73.32 million. On average, analysts forecast that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.3 earnings per share for the current year.
Corporacion Inmobiliaria Vesta Increases Dividend
The business also recently declared an annual dividend, which was paid on Wednesday, May 13th. Stockholders of record on Tuesday, May 5th were given a $0.2181 dividend. This represents a dividend yield of 61.0%. This is a positive change from Corporacion Inmobiliaria Vesta's previous annual dividend of $0.20. The ex-dividend date of this dividend was Tuesday, May 5th. Corporacion Inmobiliaria Vesta's payout ratio is currently 4.91%.
Institutional Trading of Corporacion Inmobiliaria Vesta
A number of hedge funds have recently made changes to their positions in VTMX. BNP Paribas Financial Markets lifted 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 in the last quarter. ABC Arbitrage SA increased its holdings in 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 buying an additional 86,328 shares during the last quarter. Lazard Asset Management LLC increased its holdings in 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 buying an additional 19,967 shares during the last quarter. Finally, Centersquare Investment Management LLC increased its holdings in 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 buying an additional 17,110 shares during the last quarter. 6.61% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a "hold" rating to a "buy" rating in a research report on Sunday. Weiss Ratings reissued a "hold (c)" rating on shares of Corporacion Inmobiliaria Vesta in a research report on Friday, May 22nd. Zacks Research raised shares of Corporacion Inmobiliaria Vesta from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 19th. Finally, Barclays increased their price target on shares of 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 analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Corporacion Inmobiliaria Vesta presently has an average rating of "Moderate Buy" and a consensus price target of $40.00.
Read Our Latest Stock Analysis on VTMX
Corporacion Inmobiliaria Vesta Company Profile
(
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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