Key Points
- Vesta CFO Juan Felipe Sottil Achutegui sold 313,839 shares at an average price of $3.64, generating approximately $1.14 million. His remaining stake fell 25.02% to 940,281 shares.
- Vesta reported quarterly EPS of $1.18, beating analysts’ $0.46 estimate, while revenue of $79.56 million was slightly above expectations.
- The company pays a quarterly dividend of $0.1999, equivalent to an annualized $0.80 and a 2.2% yield. Analysts maintain a consensus “Hold” rating with a $42 price target.
Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) CFO Juan Felipe Sottil Achutegui sold 313,839 shares of Corporacion Inmobiliaria Vesta stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $3.64, for a total value of $1,142,373.96. Following the completion of the transaction, the chief financial officer directly owned 940,281 shares of the company's stock, valued at approximately $3,422,622.84. This represents a 25.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Corporacion Inmobiliaria Vesta Stock Performance
Shares of Corporacion Inmobiliaria Vesta stock opened at $36.25 on Friday. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 1 year low of $29.45 and a 1 year high of $38.29. The firm's 50-day moving average is $34.28 and its 200 day moving average is $34.06. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 6.61, a PEG ratio of 3.64 and a beta of 0.66. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.46 and a quick ratio of 3.46.
Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last announced its quarterly earnings data on Thursday, October 22nd. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $0.46 by $0.72. The company had revenue of $79.56 million for the quarter, compared to the consensus estimate of $79.15 million. Corporacion Inmobiliaria Vesta had a net margin of 156.69% and a return on equity of 16.24%. Sell-side analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 EPS for the current fiscal year.
Corporacion Inmobiliaria Vesta Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Stockholders of record on Wednesday, October 14th were paid a $0.1999 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Wednesday, October 14th. Corporacion Inmobiliaria Vesta's dividend payout ratio is currently 12.20%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Corporacion Inmobiliaria Vesta from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday. Zacks Research lowered shares of Corporacion Inmobiliaria Vesta from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Corporacion Inmobiliaria Vesta presently has an average rating of "Hold" and a consensus price target of $42.00.
View Our Latest Research Report on VTMX
About Corporacion Inmobiliaria Vesta
(
Get Free Report)
Corporación Inmobiliaria Vesta, SAB. de C.V., commonly known as Vesta, is a Mexican industrial real estate company focused on the development, acquisition, ownership, leasing and management of industrial properties. Its portfolio is designed to support manufacturing, logistics, distribution and other business operations.
Vesta provides industrial buildings, build-to-suit facilities and logistics-oriented properties for domestic and international companies. The company's properties are located in major industrial markets across Mexico, including regions serving automotive, aerospace, electronics, logistics and other manufacturing activities.
Vesta was established in Mexico in 1998 and has expanded its platform alongside the country's manufacturing and nearshoring industries.
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