Key Points
- Insider selling: Guillermo Del Castillo Cacho sold 10,000 VTMX shares for $34,800, reducing his direct holdings by 66.67% to 5,000 shares. He has also made several additional sales since May.
- Financial and dividend profile: Vesta reported quarterly EPS of $1.09 on $78.5 million in revenue and recently paid a quarterly dividend of $0.1999, equivalent to an annualized yield of about 2.4%.
- Analyst outlook: Ratings are mixed, with two Buy ratings and three Holds; the overall consensus is Hold, with an average price target of $42.
Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) insider Castillo Cacho Guillermo Del sold 10,000 shares of the firm's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $3.48, for a total transaction of $34,800.00. Following the completion of the transaction, the insider directly owned 5,000 shares in the company, valued at $17,400. This represents a 66.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Castillo Cacho Guillermo Del also recently made the following trade(s):
- On Tuesday, August 4th, Castillo Cacho Guillermo Del sold 2,413 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.44, for a total value of $8,300.72.
- On Thursday, July 30th, Castillo Cacho Guillermo Del sold 1,675 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.41, for a total value of $5,711.75.
- On Friday, June 26th, Castillo Cacho Guillermo Del sold 3,400 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.37, for a total value of $11,458.00.
- 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 Price Performance
Shares of VTMX opened at $33.94 on Friday. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 12 month low of $25.59 and a 12 month high of $37.41. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.26 and a quick ratio of 4.26. The stock has a fifty day moving average price of $34.13 and a 200 day moving average price of $34.12. The company has a market cap of $2.87 billion, a P/E ratio of 7.38, a PEG ratio of 3.60 and a beta of 0.64.
Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last posted its earnings results on Wednesday, July 1st. The company reported $1.09 earnings per share (EPS) for the quarter. Corporacion Inmobiliaria Vesta had a return on equity of 14.20% and a net margin of 132.22%.The company had revenue of $78.50 million for the quarter. On average, research analysts forecast that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.82 earnings per share for the current 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 given a $0.1999 dividend. The ex-dividend date was Tuesday, July 14th. This represents a $0.80 annualized dividend and a yield of 2.4%. Corporacion Inmobiliaria Vesta's dividend payout ratio is 14.78%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Barclays lifted 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. Wall Street Zen cut Corporacion Inmobiliaria Vesta from a "buy" rating to a "hold" rating in a research report on Saturday, June 20th. Zacks Research downgraded Corporacion Inmobiliaria Vesta from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 6th. UBS Group boosted their price target on Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the stock a "buy" rating in a research report on Thursday, June 18th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Corporacion Inmobiliaria Vesta in a report on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $42.00.
Read Our Latest Stock Report on VTMX
Institutional Trading of Corporacion Inmobiliaria Vesta
A number of institutional investors have recently made changes to their positions in VTMX. ABC Arbitrage SA increased its stake in shares of Corporacion Inmobiliaria Vesta by 148.8% during 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. Lazard Asset Management LLC lifted its position 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 purchasing an additional 19,967 shares during the period. Finally, BNP Paribas Financial Markets lifted its position 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 worth $1,017,000 after purchasing an additional 10,236 shares during the period. 6.61% of the stock is owned by institutional investors and hedge funds.
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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