Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) insider Romero Pucheu sold 52,350 shares of the firm's stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $3.64, for a total value of $190,554.00. Following the completion of the sale, the insider directly owned 302,287 shares in the company, valued at $1,100,324.68. The trade was a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Romero Alejandro Pucheu also recently made the following trade(s):
- On Friday, October 30th, Romero Pucheu sold 57,650 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.63, for a total value of $209,269.50.
Corporacion Inmobiliaria Vesta Trading Down 0.5%
VTMX opened at $36.13 on Wednesday. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a one year low of $29.45 and a one year high of $38.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.46 and a quick ratio of 3.46. The business has a 50 day simple moving average of $34.33 and a two-hundred day simple moving average of $34.13. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 6.58, a PEG ratio of 3.63 and a beta of 0.59.
Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The company reported $1.18 earnings per share 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 analyst estimates of $79.15 million. Corporacion Inmobiliaria Vesta had a return on equity of 16.24% and a net margin of 156.69%. Analysts predict that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 EPS for the current year.
Corporacion Inmobiliaria Vesta Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Wednesday, October 14th were issued a dividend of $0.1999 per share. This represents a $0.80 dividend on an annualized basis 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
Separately, Weiss Ratings upgraded shares of Corporacion Inmobiliaria Vesta from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, October 26th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $42.00.
View Our Latest Analysis on VTMX
Key Corporacion Inmobiliaria Vesta News
Here are the key news stories impacting Corporacion Inmobiliaria Vesta this week:
- Positive Sentiment: Vesta’s latest reported quarter was stronger than expected: EPS was $1.18 versus analysts’ $0.46 estimate, and revenue also edged past expectations. Vesta company and earnings information
- Neutral Sentiment: Analyst opinions remain mixed, with two Buy and three Hold ratings and an average price target of $42. Vesta analyst and company information
- Negative Sentiment: CEO Lorenzo Berho sold 250,000 shares, reducing his stake by 7.18%. Insider Romero Pucheu also reported sales of 57,650 shares and a further 52,350 shares, while Diego Berho Carranza sold 3,814 shares. The cluster of sales—particularly the CEO’s transaction—could weigh on sentiment, although the reports provide no indication that the sales reflect a change in the company’s outlook. Report on CEO share sale Report on insider share sales
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
