Key Points
- CFO Juan Felipe Sottil Achutegui sold 330,714 Vesta shares for about $1.23 million, reducing his direct stake by 35.17% to 609,567 shares. He had also sold 313,839 shares the prior week.
- Vesta reported quarterly earnings of $1.18 per share, beating the $0.46 consensus estimate; revenue of $79.56 million was slightly above forecasts.
- Analysts’ consensus rating is Hold, with a $42 price target. Vesta also pays a quarterly dividend of about $0.20 per share, equivalent to an annualized yield of 2.2%.
Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) insider Diego Berho Carranza sold 45,000 shares of the firm's stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $3.73, for a total transaction of $167,850.00. Following the completion of the transaction, the insider directly owned 1,636,661 shares in the company, valued at approximately $6,104,745.53. The trade was a 2.68% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Carranza Diego Berho also recently made the following trade(s):
- On Tuesday, November 3rd, Diego Berho Carranza sold 30,000 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.64, for a total value of $109,200.00.
- On Friday, October 30th, Diego Berho Carranza sold 3,814 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.65, for a total value of $13,921.10.
- On Friday, September 4th, Diego Berho Carranza sold 6,219 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.48, for a total value of $21,642.12.
Corporacion Inmobiliaria Vesta Stock Down 0.8%
Shares of NYSE:VTMX opened at $36.72 on Friday. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 6.69, a PEG ratio of 3.70 and a beta of 0.59. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.33. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 12-month low of $29.63 and a 12-month high of $38.29. The business's 50 day moving average is $34.42 and its 200 day moving average is $34.17.
Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.72. Corporacion Inmobiliaria Vesta had a return on equity of 16.24% and a net margin of 156.69%. The business had revenue of $79.56 million during the quarter, compared to the consensus estimate of $79.15 million. On average, sell-side analysts forecast 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 Dividend Announcement
The company also recently announced 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 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 currently 12.20%.
Wall Street Analyst Weigh In
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 analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Corporacion Inmobiliaria Vesta presently has an average rating of "Hold" and an average price target of $42.00.
Read Our Latest 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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