Key Points
- Insider Diego Berho Carranza sold 30,000 Vesta shares at an average of $3.64 each, for proceeds of $109,200. He retained 1,681,661 shares after the sale.
- Vesta reported quarterly earnings of $1.18 per share, beating the $0.46 analyst consensus; revenue of $79.56 million also slightly exceeded estimates.
- Analysts have a consensus “Hold” rating and a $42 price target. Vesta’s declared quarterly dividend equates to $0.80 annually per share, or a 2.2% yield.
Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) insider Diego Berho Carranza sold 30,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $3.64, for a total transaction of $109,200.00. Following the completion of the sale, the insider owned 1,681,661 shares in the company, valued at approximately $6,121,246.04. The trade was a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Carranza Diego Berho also recently made the following trade(s):
- On Friday, October 30th, Diego Berho Carranza sold 3,814 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.65, for a total transaction of $13,921.10.
- 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 Price Performance
VTMX stock opened at $37.09 on Thursday. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 6.76, a P/E/G ratio of 3.60 and a beta of 0.59. 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 company has a 50 day simple moving average of $34.37 and a 200 day simple moving average of $34.15. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 1 year low of $29.63 and a 1 year 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 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $79.15 million. Research 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 Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Stockholders of record on Wednesday, October 14th were issued 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%.
Analysts Set New Price Targets
Separately, Weiss Ratings raised 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 assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $42.00.
Read Our Latest Stock Analysis 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.
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].
