Key Points
- CFO Juan Felipe Sottil Achutegui sold 200,000 shares for $760,000 at an average price of $3.80, cutting his stake by 32.81% to 409,567 shares. He had also sold shares in two earlier transactions reported in the article.
- Vesta reported quarterly earnings of $1.18 per share, topping the $0.46 analyst consensus; revenue of $79.56 million was slightly above estimates.
- Analysts’ consensus rating was Hold, with an average price target of $42.00, compared with the article’s cited share price of $37.97.
Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) CFO Juan Felipe Sottil Achutegui sold 200,000 shares of Corporacion Inmobiliaria Vesta stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $3.80, for a total value of $760,000.00. Following the sale, the chief financial officer owned 409,567 shares of the company's stock, valued at approximately $1,556,354.60. This represents a 32.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Achutegui Juan Felipe Sottil also recently made the following trade(s):
- On Wednesday, November 4th, Juan Felipe Sottil Achutegui sold 330,714 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.71, for a total value of $1,226,948.94.
- On Wednesday, October 28th, Juan Felipe Sottil Achutegui sold 313,839 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.64, for a total value of $1,142,373.96.
Corporacion Inmobiliaria Vesta Trading Up 0.3%
NYSE:VTMX opened at $37.97 on Friday. The stock's 50 day moving average price is $34.77 and its 200 day moving average price is $34.32. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 52 week low of $29.63 and a 52 week high of $38.59. The company has a market capitalization of $3.65 billion, a P/E ratio of 6.92, a P/E/G ratio of 3.79 and a beta of 0.59. 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 issued its quarterly earnings data on Thursday, October 22nd. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate 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 net margin of 156.69% and a return on equity of 16.24%. On average, research analysts forecast 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 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 2.1%. Corporacion Inmobiliaria Vesta's dividend payout ratio is 12.20%.
Analyst Ratings Changes
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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $42.00.
Check Out Our Latest Stock Report on Corporacion Inmobiliaria Vesta
Key Headlines Impacting Corporacion Inmobiliaria Vesta
Investors following VTMX have been watching these headlines:
- Positive Sentiment: Brokerages’ consensus target is $42.00, about 11% above the supplied reference price of $37.97, suggesting analysts see further upside. Article: Vesta consensus target price
- Neutral Sentiment: Vesta announced an Investor Day focused on an update to its Route 2030 strategy and financial framework; the event and published transcript may provide investors more detail, but the supplied reports do not describe specific new targets or decisions. Article: Vesta Investor Day announcement Article: Vesta Investor Day transcript
- Negative Sentiment: Insiders reported multiple sales: CFO Juan Felipe Sottil Achutegui sold 200,000 shares, reducing his ownership by 32.81%; Diego Berho Carranza sold 103,065 shares across two transactions. Such sales can raise concerns about insider confidence, though they do not necessarily indicate a change in the company’s outlook. SEC filing: CFO sale SEC filing: insider sales
About Corporacion Inmobiliaria Vesta
(
Get Free Report)
Corporación Inmobiliaria Vesta, S.A.B. de C.V., known as Vesta, is a Mexican real estate company that develops, owns and leases industrial properties. Its portfolio includes industrial parks, manufacturing facilities and logistics properties such as warehouses and distribution centers. The company serves businesses seeking space for manufacturing, storage and distribution, including through facilities developed to meet tenants' specific requirements. Vesta operates in industrial markets across Mexico.
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