Corporacion Inmobiliaria Vesta (NYSE:VTMX) CIO Bosch Rodrigo Cueto Sells 51,001 Shares of Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) CIO Bosch Rodrigo Cueto sold 51,001 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $3.41, for a total value of $173,913.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Corporacion Inmobiliaria Vesta Stock Up 0.2%

Shares of VTMX opened at $34.14 on Friday. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 52-week low of $24.99 and a 52-week high of $37.41. The company has a market capitalization of $2.89 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 3.37 and a beta of 0.67. The stock has a fifty day simple moving average of $34.41 and a two-hundred day simple moving average of $32.80. The company has a quick ratio of 5.66, a current ratio of 5.66 and a debt-to-equity ratio of 0.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its earnings results on Friday, April 24th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.85. Corporacion Inmobiliaria Vesta had a return on equity of 12.23% and a net margin of 111.99%.The business had revenue of $76.75 million during the quarter, compared to the consensus estimate of $73.32 million. As a group, equities analysts forecast that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.3 EPS for the current year.

Corporacion Inmobiliaria Vesta Increases Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, May 13th. Stockholders of record on Tuesday, May 5th were issued a dividend of $0.2181 per share. The ex-dividend date was Tuesday, May 5th. This represents a dividend yield of 61.0%. This is a boost from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is currently 4.91%.

Analysts Set New Price Targets

VTMX has been the subject of a number of research analyst reports. Weiss Ratings upgraded Corporacion Inmobiliaria Vesta from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, February 24th. Barclays increased their price target on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Zacks Research upgraded Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Finally, Wall Street Zen cut Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.00.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its holdings in Corporacion Inmobiliaria Vesta by 38.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock valued at $1,017,000 after acquiring an additional 10,236 shares during the period. Centersquare Investment Management LLC boosted its stake in shares of Corporacion Inmobiliaria Vesta by 4.9% in the 3rd quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock valued at $10,357,000 after buying an additional 17,110 shares during the period. Lazard Asset Management LLC boosted its stake in shares of Corporacion Inmobiliaria Vesta by 6.6% in the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock valued at $8,803,000 after buying an additional 19,967 shares during the period. Finally, ABC Arbitrage SA boosted its stake in shares of Corporacion Inmobiliaria Vesta by 148.8% in the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock valued at $4,401,000 after buying an additional 86,328 shares during the period. 6.61% of the stock is currently owned by hedge funds and other institutional investors.

About Corporacion Inmobiliaria Vesta

Corporación Inmobiliaria Vesta, trading as VTMX on the New York Stock Exchange, is a Mexico-based real estate investment trust (REIT) specializing in the development, acquisition and management of industrial properties. The company’s portfolio primarily consists of warehouses, distribution centers and manufacturing facilities tailored to multinational corporations, logistics operators and other businesses seeking modern, well-connected industrial space in Mexico.

Vesta’s core business activities include the design and construction of build-to-suit projects, the leasing of speculative and multi-tenant properties, and sale-leaseback transactions that convert existing facilities into long-term lease arrangements.