Key Points
- Director Corona Lorenzo Manuel Berho sold 48,352 shares of Corporacion Inmobiliaria Vesta on June 15 at an average price of $3.48, worth about $168,265. After the sale, he still directly owned more than 20.8 million shares.
- The director has made multiple recent insider sales, including a 1,000,000-share sale on May 20 and additional sales on May 26, May 27, and June 9.
- Despite the insider selling, Vesta reported strong quarterly results earlier this year, with EPS of $1.25 versus the $0.40 consensus estimate and revenue of $76.75 million. The company also recently raised its annual dividend to $0.2181 from $0.20.
Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) Director Corona Lorenzo Manuel Berho sold 48,352 shares of the company's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $3.48, for a total value of $168,264.96. Following the completion of the sale, the director directly owned 20,824,883 shares of the company's stock, valued at approximately $72,470,592.84. This represents a 0.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Corona Lorenzo Manuel Berho also recently made the following trade(s):
- On Tuesday, June 9th, Corona Lorenzo Manuel Berho sold 1,648 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.43, for a total transaction of $5,652.64.
- On Wednesday, May 27th, Corona Lorenzo Manuel Berho sold 300,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.48, for a total transaction of $1,044,000.00.
- On Tuesday, May 26th, Corona Lorenzo Manuel Berho sold 200,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.48, for a total transaction of $696,000.00.
- On Wednesday, May 20th, Corona Lorenzo Manuel Berho sold 1,000,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.41, for a total transaction of $3,410,000.00.
Corporacion Inmobiliaria Vesta Stock Down 0.5%
Shares of NYSE VTMX opened at $34.16 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 firm's 50 day simple moving average is $34.95 and its two-hundred day simple moving average is $33.27. The stock has a market capitalization of $2.89 billion, a P/E ratio of 8.83, a PEG ratio of 3.10 and a beta of 0.64.
Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The company reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.85. The company had revenue of $76.75 million for 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 expect 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 firm also recently announced an annual dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were given a $0.2181 dividend. This represents a yield of 61.0%. The ex-dividend date was Tuesday, May 5th. This is a boost from Corporacion Inmobiliaria Vesta's previous annual dividend of $0.20. Corporacion Inmobiliaria Vesta's dividend payout ratio is 4.91%.
Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta
A number of hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets increased 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 valued at $1,017,000 after acquiring an additional 10,236 shares during the period. Centersquare Investment Management LLC increased 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 valued at $10,357,000 after acquiring an additional 17,110 shares during the period. Lazard Asset Management LLC increased 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 valued at $8,803,000 after acquiring an additional 19,967 shares during the period. Finally, ABC Arbitrage SA increased 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 valued at $4,401,000 after acquiring an additional 86,328 shares during the period. Hedge funds and other institutional investors own 6.61% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently commented on VTMX. Barclays lifted their target price 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. Zacks Research upgraded shares of Corporacion Inmobiliaria Vesta from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 19th. Wall Street Zen upgraded shares of Corporacion Inmobiliaria Vesta from a "hold" rating to a "buy" rating in a research report on Sunday, May 24th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Corporacion Inmobiliaria Vesta in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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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