Key Points
- Insider sale: Argueta Fernando Albert Cuevas sold 4,500 VTMX shares at an average price of $3.42, totaling $15,390. After the transaction, the insider retained 242,961 shares.
- Financial and dividend highlights: Vesta reported quarterly EPS of $1.09 on revenue of $78.5 million and declared a quarterly dividend of $0.1999 per share, equivalent to an annualized yield of 2.4%.
- Mixed market outlook: Institutional ownership stands at 6.61%, while analyst ratings include two Buys and three Holds. The consensus rating is Hold, with an average price target of $42.00.
Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) insider Argueta Fernando Albert Cuevas sold 4,500 shares of the business's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $3.42, for a total transaction of $15,390.00. Following the sale, the insider directly owned 242,961 shares of the company's stock, valued at $830,926.62. This represents a 1.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Argueta Fernando Albert Cuevas also recently made the following trade(s):
- On Wednesday, May 20th, Argueta Fernando Albert Cuevas sold 12,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.33, for a total transaction of $39,960.00.
Corporacion Inmobiliaria Vesta Trading Down 0.6%
Shares of Corporacion Inmobiliaria Vesta stock opened at $33.76 on Tuesday. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 0.37. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a twelve month low of $25.59 and a twelve month high of $37.41. The firm has a market capitalization of $2.86 billion, a PE ratio of 7.34, a P/E/G ratio of 3.61 and a beta of 0.64. The firm's 50-day moving average price is $34.12 and its 200 day moving average price is $34.14.
Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 1st. The company reported $1.09 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 during the quarter. On average, sell-side analysts predict that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.82 EPS for the current fiscal year.
Corporacion Inmobiliaria Vesta Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th were given a dividend of $0.1999 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, July 14th. Corporacion Inmobiliaria Vesta's payout ratio is presently 14.78%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of VTMX. BNP Paribas Financial Markets boosted its position in shares of 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 last quarter. ABC Arbitrage SA increased its position in Corporacion Inmobiliaria Vesta by 148.8% during the fourth 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 last quarter. Finally, Lazard Asset Management LLC raised its stake in Corporacion Inmobiliaria Vesta by 6.6% during 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. Institutional investors and hedge funds own 6.61% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently commented on VTMX. UBS Group increased their price objective on Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the company a "buy" rating in a research note on Thursday, June 18th. Wall Street Zen lowered shares of Corporacion Inmobiliaria Vesta from a "buy" rating to a "hold" rating in a report on Saturday, June 20th. Zacks Research lowered shares of Corporacion Inmobiliaria Vesta from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Corporacion Inmobiliaria Vesta in a research note on Friday, May 22nd. Finally, Barclays increased their price objective on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an "overweight" rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $42.00.
Get Our Latest Stock Report on VTMX
Corporacion Inmobiliaria Vesta Company Profile
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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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