Key Points
- CEO Carranza Lorenzo Dominiq Berho sold 64,366 shares of Corporacion Inmobiliaria Vesta at an average price of $3.50, totaling about $225,281, reducing his stake by 1.59%.
- The company posted stronger-than-expected quarterly results, with EPS of $1.25 versus the $0.40 consensus estimate and revenue of $76.75 million, ahead of forecasts.
- Vesta raised its annual dividend to $0.2181 from $0.20, while analysts currently maintain a Moderate Buy outlook with an average target price of $40.00.
Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) CEO Carranza Lorenzo Dominiq Berho sold 64,366 shares of the firm's stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $3.50, for a total transaction of $225,281.00. Following the completion of the sale, the chief executive officer owned 3,993,199 shares in the company, valued at $13,976,196.50. The trade was a 1.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Corporacion Inmobiliaria Vesta Price Performance
Shares of NYSE:VTMX opened at $34.65 on Tuesday. The firm's 50 day moving average is $34.70 and its two-hundred day moving average is $32.99. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 52 week low of $24.99 and a 52 week high of $37.41. The firm has a market capitalization of $2.93 billion, a P/E ratio of 8.95, a PEG ratio of 3.16 and a beta of 0.64. 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 (NYSE:VTMX - Get Free Report) last announced its quarterly earnings results on Friday, April 24th. The company reported $1.25 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $73.32 million. Analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.52 earnings per share for the current year.
Corporacion Inmobiliaria Vesta Increases Dividend
The company also recently declared an annual dividend, which was paid on Wednesday, May 13th. Shareholders of record on Tuesday, May 5th were paid a $0.2181 dividend. The ex-dividend date was Tuesday, May 5th. This is an increase 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 (DPR) is 4.91%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its stake in Corporacion Inmobiliaria Vesta by 38.1% in the 2nd 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. ABC Arbitrage SA boosted its stake in Corporacion Inmobiliaria Vesta by 148.8% in the 4th 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. Lazard Asset Management LLC boosted its stake in Corporacion Inmobiliaria Vesta by 6.6% in the 2nd 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. Finally, Centersquare Investment Management LLC boosted its stake in Corporacion Inmobiliaria Vesta by 4.9% in the 3rd 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. Institutional investors and hedge funds own 6.61% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have commented on VTMX shares. Weiss Ratings restated a "hold (c)" rating on shares of Corporacion Inmobiliaria Vesta in a research note on Friday, May 22nd. Zacks Research upgraded shares of Corporacion Inmobiliaria Vesta from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 19th. Barclays raised their price objective on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an "overweight" rating in a research note on Monday, May 4th. Finally, Wall Street Zen upgraded shares of Corporacion Inmobiliaria Vesta from a "hold" rating to a "buy" rating in a research note on Sunday, May 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $40.00.
Get Our Latest Stock Analysis on Corporacion Inmobiliaria Vesta
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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