Key Points
- Insider sale: Carranza Diego Berho sold 6,219 VTMX shares for approximately $21,642, reducing his ownership by 0.36% to 1,715,475 shares. He also sold 3,500 shares in June for $11,935.
- Financial performance and dividend: Vesta reported quarterly earnings of $1.09 per share on $78.5 million in revenue, with a 14.20% return on equity and 132.22% net margin. The company paid a quarterly dividend of $0.1999, equivalent to an annualized $0.80 and a 2.3% yield.
- Market outlook: Institutional investors own 6.61% of the stock, while analyst coverage is mixed, resulting in a consensus “Hold” rating and a $42 target price; UBS separately maintained a Buy rating with a $43 target.
Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) insider Carranza Diego Berho sold 6,219 shares of the company's stock in a transaction on Friday, September 4th. The stock was sold at an average price of $3.48, for a total value of $21,642.12. Following the sale, the insider owned 1,715,475 shares of the company's stock, valued at $5,969,853. The trade was a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Carranza Diego Berho also recently made the following trade(s):
- On Tuesday, June 30th, Carranza Diego Berho sold 3,500 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.41, for a total value of $11,935.00.
Corporacion Inmobiliaria Vesta Price Performance
Corporacion Inmobiliaria Vesta stock opened at $34.06 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.26 and a current ratio of 4.26. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 52 week low of $25.59 and a 52 week high of $37.41. The stock has a market capitalization of $2.88 billion, a P/E ratio of 7.41, a price-to-earnings-growth ratio of 3.58 and a beta of 0.64. The stock has a fifty day moving average of $34.38 and a 200-day moving average of $34.38.
Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last released its quarterly earnings data on Wednesday, July 1st. The company reported $1.09 earnings per share for the quarter. Corporacion Inmobiliaria Vesta had a return on equity of 14.20% and a net margin of 132.22%.The business had revenue of $78.50 million for the quarter. On average, sell-side analysts expect that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.9 earnings per share for the current fiscal year.
Corporacion Inmobiliaria Vesta Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th were issued 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 dividend yield of 2.3%. Corporacion Inmobiliaria Vesta's dividend payout ratio is 14.78%.
Institutional Trading of Corporacion Inmobiliaria Vesta
Several hedge funds and other institutional investors have recently made changes to their positions in VTMX. Lazard Asset Management LLC increased its stake in shares of 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 buying an additional 19,967 shares during the period. ABC Arbitrage SA boosted its position in 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 buying an additional 86,328 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Corporacion Inmobiliaria Vesta by 38.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company's stock worth $1,017,000 after buying an additional 10,236 shares during the period. 6.61% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several brokerages recently issued reports on VTMX. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Corporacion Inmobiliaria Vesta in a report on Wednesday, August 19th. UBS Group raised their target price on shares of Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the company a "buy" rating in a research report on Thursday, June 18th. Wall Street Zen cut shares of Corporacion Inmobiliaria Vesta from a "buy" rating to a "hold" rating in a research note on Saturday, June 20th. Finally, Zacks Research downgraded shares of Corporacion Inmobiliaria Vesta from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $42.00.
Read Our Latest Stock Analysis on VTMX
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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