Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) insider Diego Berho Carranza sold 3,814 shares of the company's stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $3.65, for a total value of $13,921.10. Following the completion of the sale, the insider directly owned 1,711,661 shares of the company's stock, valued at approximately $6,247,562.65. This trade represents a 0.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Carranza Diego Berho also recently made the following trade(s):
- On Friday, September 4th, Diego Berho Carranza sold 6,219 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.48, for a total transaction of $21,642.12.
Corporacion Inmobiliaria Vesta Stock Up 0.6%
Corporacion Inmobiliaria Vesta stock opened at $36.31 on Tuesday. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 6.62, a PEG ratio of 3.64 and a beta of 0.66. The company's 50 day simple moving average is $34.32 and its 200 day simple moving average is $34.11. 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, S.A.B. de C.V. Sponsored ADR has a fifty-two week low of $29.45 and a fifty-two week high of $38.29.
Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last issued its earnings results on Thursday, October 22nd. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $0.46 by $0.72. Corporacion Inmobiliaria Vesta had a net margin of 156.69% and a return on equity of 16.24%. The firm had revenue of $79.56 million during the quarter, compared to the consensus estimate of $79.15 million. As a group, sell-side analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 EPS for the current year.
Corporacion Inmobiliaria Vesta Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Stockholders of record on Wednesday, October 14th were issued a $0.1999 dividend. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.2%. Corporacion Inmobiliaria Vesta's payout ratio is 12.20%.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the stock. Zacks Research cut shares of Corporacion Inmobiliaria Vesta from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. Weiss Ratings upgraded Corporacion Inmobiliaria Vesta from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, October 26th. Two equities 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, the company currently has an average rating of "Hold" and an average 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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