Key Points
- Chairman Lorenzo Berho sold 128,959 shares for about $486,175, reducing his stake by 0.62%; he still directly owns roughly 20.55 million shares.
- Vesta reported quarterly earnings of $1.18 per share, beating the $0.46 analyst consensus, while revenue of $79.56 million slightly exceeded expectations.
- Analysts maintain a consensus Hold rating and an average price target of $42; the company’s annualized dividend is about $0.80 per share, a yield of 2.1%.
Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) insider Romero Pucheu sold 70,000 shares of the firm's stock in a transaction that occurred on Thursday, November 12th. The shares were sold at an average price of $3.78, for a total value of $264,600.00. Following the completion of the transaction, the insider directly owned 112,287 shares of the company's stock, valued at $424,444.86. The trade was a 38.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Romero Alejandro Pucheu also recently made the following trade(s):
- On Friday, November 6th, Romero Pucheu sold 120,000 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.73, for a total value of $447,600.00.
- On Tuesday, November 3rd, Romero Pucheu sold 52,350 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.64, for a total value of $190,554.00.
- 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 Price Performance
Shares of VTMX stock traded down $0.57 during mid-day trading on Friday, reaching $37.45. The stock had a trading volume of 121,796 shares, compared to its average volume of 157,283. 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 $38.59. The company has a market cap of $3.60 billion, a P/E ratio of 6.82, a price-to-earnings-growth ratio of 3.35 and a beta of 0.59. The business has a 50-day simple moving average of $34.83 and a 200 day simple moving average of $34.35. The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 0.33.
Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The company reported $1.18 EPS for the quarter, topping 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 business had revenue of $79.56 million for the quarter, compared to analyst estimates of $79.15 million. On average, sell-side analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.39 earnings per share for the current year.
Corporacion Inmobiliaria Vesta Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Wednesday, October 14th were issued a $0.1999 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, October 14th. 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 research 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 company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $42.00.
Get Our Latest Research Report on Corporacion Inmobiliaria Vesta
Top Corporacion Inmobiliaria Vesta Stories
Investors following VTMX have been watching these stories:
- Positive Sentiment: Brokerages’ consensus price target is $42, above the roughly $38 reference price cited in the reports, indicating potential upside. The overall analyst rating is Hold. Article: Vesta consensus target price
- Neutral Sentiment: Vesta’s Investor Day transcript provides company-strategy discussion, but the supplied coverage does not identify specific new targets or decisions likely to change the outlook. Article: Vesta Investor Day transcript
- Negative Sentiment: Several company insiders sold shares, including CFO Juan Felipe Sottil Achutegui, who sold 200,000 shares and reduced his position by 32.81%; Chairman Lorenzo Berho, who sold 128,959 shares; and insider Romero Pucheu, who sold 70,000 shares. Diego Berho Carranza also reported multiple sales. The volume of selling could weigh on sentiment, although insider sales do not necessarily signal a worsening business outlook. SEC filing: CFO sale SEC filing: chairman sale Article: 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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