Key Points
- Director Corona Lorenzo Manuel Berho sold 33,442 VTMX shares at an average price of $3.51, worth approximately $117,381, reducing his position by 0.16% while retaining more than 20.6 million shares.
- Vesta reported quarterly revenue of $78.5 million and EPS of $1.09, and declared a quarterly dividend of $0.1999 per share, equivalent to an annualized yield of about 2.3%.
- Analyst sentiment is mixed, with two Buy ratings and three Holds producing a consensus Hold rating and an average price target of $42, compared with the reported share price of $34.56.
Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) Director Corona Lorenzo Manuel Berho sold 33,442 shares of the company's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $3.51, for a total value of $117,381.42. Following the completion of the sale, the director directly owned 20,683,228 shares of the company's stock, valued at $72,598,130.28. The trade was a 0.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Corona Lorenzo Manuel Berho also recently made the following trade(s):
- On Thursday, June 18th, Corona Lorenzo Manuel Berho sold 53,700 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.49, for a total value of $187,413.00.
- On Friday, June 19th, Corona Lorenzo Manuel Berho sold 4,513 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.45, for a total value of $15,569.85.
- On Monday, June 15th, Corona Lorenzo Manuel Berho sold 48,352 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.48, for a total value of $168,264.96.
- On Tuesday, June 9th, Corona Lorenzo Manuel Berho sold 1,648 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.43, for a total value of $5,652.64.
Corporacion Inmobiliaria Vesta Stock Up 0.4%
NYSE VTMX opened at $34.56 on Friday. 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, 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 business has a 50 day moving average price of $34.23 and a two-hundred day moving average price of $34.32. The stock has a market cap of $2.92 billion, a PE ratio of 7.52, a P/E/G ratio of 3.66 and a beta of 0.64.
Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 1st. The company reported $1.09 earnings per share (EPS) for the quarter. Corporacion Inmobiliaria Vesta had a net margin of 132.22% and a return on equity of 14.20%. The company had revenue of $78.50 million for the quarter. As a group, 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 Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th were issued a dividend of $0.1999 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, July 14th. Corporacion Inmobiliaria Vesta's dividend payout ratio (DPR) is presently 14.78%.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on VTMX shares. UBS Group lifted their price target 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. Weiss Ratings reissued a "hold (c)" rating on shares of Corporacion Inmobiliaria Vesta in a research report on Wednesday, August 19th. Wall Street Zen downgraded Corporacion Inmobiliaria Vesta from a "buy" rating to a "hold" rating in a research note on Saturday, June 20th. Barclays lifted their target price on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an "overweight" rating in a research report on Monday, May 4th. Finally, Zacks Research cut Corporacion Inmobiliaria Vesta from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 6th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $42.00.
Check Out Our Latest Stock Analysis on Corporacion Inmobiliaria Vesta
Institutional Trading of Corporacion Inmobiliaria Vesta
Several hedge funds and other institutional investors have recently bought and sold shares of the company. ABC Arbitrage SA raised its stake in 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 buying an additional 86,328 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in Corporacion Inmobiliaria Vesta by 6.6% during the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company's stock worth $8,803,000 after buying an additional 19,967 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position 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 worth $1,017,000 after acquiring an additional 10,236 shares in the last quarter. 6.61% of the stock is owned by institutional investors.
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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