Key Points
- Insider sale: Romero Alejandro Pucheu sold 50,000 shares of Corporacion Inmobiliaria Vesta at an average price of $3.49, totaling $174,500. This follows a separate sale of 120,000 shares on May 21.
- Strong recent earnings: The company reported quarterly EPS of $1.25, easily topping the $0.40 consensus estimate, while revenue of $76.75 million also came in above expectations.
- Positive shareholder returns and analyst sentiment: Vesta raised its annual dividend to $0.2181 per share from $0.20, and analysts currently rate the stock a Moderate Buy with an average target price of $40.00.
Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) insider Carranza Diego Berho sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $3.52, for a total value of $70,400.00. Following the transaction, the insider owned 1,725,194 shares of the company's stock, valued at $6,072,682.88. This represents a 1.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Carranza Diego Berho also recently made the following trade(s):
- On Tuesday, May 26th, Carranza Diego Berho sold 10,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.44, for a total value of $34,400.00.
- On Wednesday, May 20th, Carranza Diego Berho sold 200,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.41, for a total value of $682,000.00.
Corporacion Inmobiliaria Vesta Stock Performance
NYSE VTMX opened at $34.74 on Wednesday. The stock has a market capitalization of $2.94 billion, a PE ratio of 8.98, a P/E/G ratio of 3.14 and a beta of 0.64. The business has a 50 day simple moving average of $34.70 and a two-hundred day simple moving average of $32.99. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.66 and a quick ratio of 5.66. 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 released its quarterly earnings results on Friday, April 24th. The company reported $1.25 earnings per share 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, research analysts predict that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.52 EPS for the current fiscal year.
Corporacion Inmobiliaria Vesta Increases Dividend
The business also recently announced an annual dividend, which was paid on Wednesday, May 13th. Stockholders of record on Tuesday, May 5th were issued a $0.2181 dividend. This is a positive change from Corporacion Inmobiliaria Vesta's previous annual dividend of $0.20. The ex-dividend date was Tuesday, May 5th. This represents a dividend yield of 61.0%. Corporacion Inmobiliaria Vesta's dividend payout ratio (DPR) is presently 4.91%.
Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta
A number of large investors have recently bought and sold shares of VTMX. ABC Arbitrage SA boosted its holdings in Corporacion Inmobiliaria Vesta by 148.8% during the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company's stock valued at $4,401,000 after acquiring an additional 86,328 shares during the period. Lazard Asset Management LLC boosted its holdings in Corporacion Inmobiliaria Vesta by 6.6% during the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company's stock valued at $8,803,000 after acquiring an additional 19,967 shares during the period. Centersquare Investment Management LLC boosted its holdings in Corporacion Inmobiliaria Vesta by 4.9% during the 3rd quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company's stock valued at $10,357,000 after acquiring an additional 17,110 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Corporacion Inmobiliaria Vesta by 38.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company's stock valued at $1,017,000 after acquiring an additional 10,236 shares during the period. Hedge funds and other institutional investors own 6.61% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on VTMX shares. Barclays lifted their target price on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an "overweight" rating in a report on Monday, May 4th. Wall Street Zen upgraded Corporacion Inmobiliaria Vesta from a "hold" rating to a "buy" rating in a report on Sunday, May 24th. Zacks Research upgraded Corporacion Inmobiliaria Vesta from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 19th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Corporacion Inmobiliaria Vesta in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Corporacion Inmobiliaria Vesta presently has an average rating of "Moderate Buy" and an average target price of $40.00.
Check Out Our Latest Analysis on Corporacion Inmobiliaria Vesta
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.
Further Reading
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