Mayorga Luis Felipe Cepeda Sells 8,366 Shares of Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Mayorga Luis Felipe Cepeda sold 8,366 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $3.44, for a total value of $28,779.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Corporacion Inmobiliaria Vesta Price Performance

Shares of NYSE VTMX traded down $0.48 during midday trading on Thursday, hitting $34.09. The stock had a trading volume of 70,649 shares, compared to its average volume of 178,933. The company has a market capitalization of $2.88 billion, a PE ratio of 8.81, a P/E/G ratio of 3.12 and a beta of 0.64. The stock has a 50 day simple moving average of $34.84 and a 200-day simple moving average of $33.07. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 1 year low of $24.99 and a 1 year high of $37.41. 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 released its earnings results on Friday, April 24th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.85. The business had revenue of $76.75 million for the quarter, compared to the consensus estimate of $73.32 million. Corporacion Inmobiliaria Vesta had a return on equity of 12.23% and a net margin of 111.99%. On average, sell-side analysts expect that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.52 EPS for the current fiscal year.

Corporacion Inmobiliaria Vesta Increases Dividend

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

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its position in Corporacion Inmobiliaria Vesta by 38.1% during the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock worth $1,017,000 after buying an additional 10,236 shares in the last quarter. ABC Arbitrage SA lifted its position in Corporacion Inmobiliaria Vesta by 148.8% during the fourth quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock worth $4,401,000 after buying an additional 86,328 shares in the last quarter. Lazard Asset Management LLC raised its position in Corporacion Inmobiliaria Vesta by 6.6% in the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock valued at $8,803,000 after purchasing an additional 19,967 shares during the period. Finally, Centersquare Investment Management LLC raised its position in Corporacion Inmobiliaria Vesta by 4.9% in the third quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock valued at $10,357,000 after purchasing an additional 17,110 shares during the period. Hedge funds and other institutional investors own 6.61% of the company’s stock.

Analysts Set New Price Targets

VTMX has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Friday, May 22nd. Zacks Research upgraded Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Wall Street Zen upgraded Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a research report on Sunday, May 24th. Finally, Barclays lifted their price objective on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. One 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 stock currently has an average rating of “Moderate Buy” and an average target price of $40.00.

Corporacion Inmobiliaria Vesta Company Profile

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.