Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) CEO Carranza Lorenzo Dominiq Berho sold 60,000 shares of the business's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $3.58, for a total value of $214,800.00. Following the sale, the chief executive officer owned 3,833,109 shares of the company's stock, valued at approximately $13,722,530.22. The trade was a 1.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Carranza Lorenzo Dominiq Berho also recently made the following trade(s):
- On Monday, June 29th, Carranza Lorenzo Dominiq Berho sold 50,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.42, for a total value of $171,000.00.
- On Thursday, May 28th, Carranza Lorenzo Dominiq Berho sold 64,366 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.50, for a total transaction of $225,281.00.
Corporacion Inmobiliaria Vesta Stock Down 1.0%
VTMX stock opened at $35.12 on Wednesday. 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 company's 50 day moving average is $34.22 and its two-hundred day moving average is $34.29. The stock has a market cap of $2.97 billion, a P/E ratio of 7.64, a PEG ratio of 3.77 and a beta of 0.64.
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 for the quarter. Corporacion Inmobiliaria Vesta had a net margin of 132.22% and a return on equity of 14.20%. The business had revenue of $78.50 million during the quarter. Research analysts expect 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 Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th were given a $0.1999 dividend. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. Corporacion Inmobiliaria Vesta's payout ratio is 14.78%.
Institutional Trading of Corporacion Inmobiliaria Vesta
Several institutional investors and hedge funds have recently added to or reduced their stakes in VTMX. BNP Paribas Financial Markets grew its stake in shares of Corporacion Inmobiliaria Vesta by 38.1% in the 2nd 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 last quarter. Lazard Asset Management LLC raised its stake in shares of 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 last quarter. Finally, ABC Arbitrage SA lifted its holdings 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 worth $4,401,000 after purchasing an additional 86,328 shares during the period. 6.61% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the company. UBS Group raised their price objective on Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the stock a "buy" rating in a report on Thursday, June 18th. Weiss Ratings reissued a "hold (c)" rating on shares of Corporacion Inmobiliaria Vesta in a report on Wednesday, August 19th. 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. Finally, Barclays boosted their price objective on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an "overweight" rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $42.00.
Read Our Latest Report on Corporacion Inmobiliaria Vesta
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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