Key Points
- CEO Carranza Lorenzo Dominiq Berho sold 350,000 Vesta shares at an average of $3.65, generating $1.28 million and reducing his direct holdings by 9.13% to 3.48 million shares.
- Vesta reported quarterly EPS of $1.18, beating the $0.46 analyst consensus, while revenue of $79.56 million was broadly in line with expectations.
- The company paid a quarterly dividend of $0.1999 per share, equivalent to an annualized $0.80 dividend and a 2.2% yield; analysts maintain a consensus “Hold” rating with a $42 target price.
Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) CEO Carranza Lorenzo Dominiq Berho sold 350,000 shares of Corporacion Inmobiliaria Vesta stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $3.65, for a total transaction of $1,277,500.00. Following the sale, the chief executive officer directly owned 3,483,199 shares of the company's stock, valued at $12,713,676.35. This trade represents a 9.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Carranza Lorenzo Dominiq Berho also recently made the following trade(s):
- On Friday, August 21st, Carranza Lorenzo Dominiq Berho sold 60,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.58, for a total value of $214,800.00.
Corporacion Inmobiliaria Vesta Trading Down 0.5%
Shares of NYSE VTMX opened at $36.10 on Friday. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 6.58, a PEG ratio of 3.63 and a beta of 0.66. The business has a 50 day simple moving average of $34.31 and a 200 day simple moving average of $34.08. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 52 week low of $29.45 and a 52 week high of $38.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.46 and a current ratio of 3.46.
Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The company reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.72. The firm had revenue of $79.56 million for the quarter, compared to the consensus estimate of $79.15 million. Corporacion Inmobiliaria Vesta had a return on equity of 16.24% and a net margin of 156.69%. On average, research analysts predict that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 earnings per share for the current fiscal year.
Corporacion Inmobiliaria Vesta Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Stockholders of record on Wednesday, October 14th were paid a dividend of $0.1999 per share. The ex-dividend date was Wednesday, October 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.2%. Corporacion Inmobiliaria Vesta's dividend payout ratio is 12.20%.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the stock. Zacks Research downgraded shares of Corporacion Inmobiliaria Vesta from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Weiss Ratings raised shares of Corporacion Inmobiliaria Vesta from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $42.00.
Get Our Latest Stock Report on VTMX
Corporacion Inmobiliaria Vesta Company Profile
(
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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