Key Points
- Insider selling: Guillermo Del Castillo Cacho sold 8,500 VTMX shares at an average of $3.41, reducing his direct ownership by 28.92% to 20,888 shares. He also sold 3,400 shares each on June 23 and June 26 at $3.37 per share.
- Financial performance and dividend: Vesta reported quarterly EPS of $1.09 on revenue of $78.5 million and paid a quarterly dividend of $0.1999, equivalent to an annualized yield of approximately 2.3%.
- Analyst outlook is mixed: Analysts have an average “Hold” rating and a $42 price target, with two Buy ratings and three Holds. Institutional investors own 6.61% of the company, while several firms recently increased their positions.
Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) insider Castillo Cacho Guillermo Del sold 3,400 shares of the company's stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $3.37, for a total value of $11,458.00. Following the completion of the sale, the insider directly owned 14,088 shares in the company, valued at approximately $47,476.56. The trade was a 19.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Castillo Cacho Guillermo Del also recently made the following trade(s):
- On Tuesday, June 23rd, Castillo Cacho Guillermo Del sold 3,400 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.37, for a total value of $11,458.00.
- On Friday, May 22nd, Castillo Cacho Guillermo Del sold 8,500 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.41, for a total value of $28,985.00.
Corporacion Inmobiliaria Vesta Stock Performance
NYSE VTMX opened at $34.80 on Wednesday. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a fifty-two week low of $25.59 and a fifty-two week high of $37.41. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 7.57, a price-to-earnings-growth ratio of 3.65 and a beta of 0.64. The business has a fifty day moving average of $34.20 and a 200-day moving average of $33.93. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.37.
Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $1.09 earnings per share (EPS) for the quarter. The business had revenue of $78.50 million for the quarter. Corporacion Inmobiliaria Vesta had a return on equity of 14.20% and a net margin of 132.22%. As a group, analysts predict that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.82 earnings per share for the current fiscal year.
Corporacion Inmobiliaria Vesta Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th were issued a $0.1999 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, July 14th. Corporacion Inmobiliaria Vesta's dividend payout ratio is 14.78%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. ABC Arbitrage SA lifted its holdings in shares of Corporacion Inmobiliaria Vesta by 148.8% during the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company's stock worth $4,401,000 after acquiring an additional 86,328 shares during the period. Lazard Asset Management LLC grew 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 valued at $8,803,000 after purchasing an additional 19,967 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in 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 purchasing an additional 10,236 shares during the period. Institutional investors and hedge funds own 6.61% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently commented on VTMX. Weiss Ratings reiterated a "hold (c)" rating on shares of Corporacion Inmobiliaria Vesta in a report on Friday, May 22nd. Zacks Research downgraded shares of Corporacion Inmobiliaria Vesta from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 6th. Wall Street Zen lowered shares of Corporacion Inmobiliaria Vesta from a "buy" rating to a "hold" rating in a research report on Saturday, June 20th. UBS Group lifted their target price on shares of Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the stock a "buy" rating in a research note on Thursday, June 18th. Finally, Barclays boosted their price target on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an "overweight" rating in a report on Monday, May 4th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $42.00.
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About Corporacion Inmobiliaria Vesta
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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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