Colmenares Sergio Raul Martin Sells 34,239 Shares of Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) insider Colmenares Sergio Raul Martin sold 34,239 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $3.42, for a total transaction of $117,097.38. Following the completion of the sale, the insider directly owned 1,800 shares of the company’s stock, valued at approximately $6,156. The trade was a 95.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Corporacion Inmobiliaria Vesta Price Performance

Shares of NYSE VTMX opened at $33.92 on Friday. The firm has a market cap of $2.87 billion, a PE ratio of 8.76, a PEG ratio of 3.05 and a beta of 0.64. The firm has a fifty day moving average of $34.93 and a 200 day moving average of $33.19. The company has a debt-to-equity ratio of 0.41, a quick ratio of 5.66 and a current ratio of 5.66. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a one year low of $24.99 and a one year high of $37.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its quarterly earnings results on Friday, April 24th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $0.40 by $0.85. Corporacion Inmobiliaria Vesta had a net margin of 111.99% and a return on equity of 12.23%. The company had revenue of $76.75 million during the quarter, compared to analyst estimates of $73.32 million. As a group, research analysts predict 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 firm also recently announced 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 of this dividend was Tuesday, May 5th. This is a positive change from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. This represents a dividend yield of 61.0%. Corporacion Inmobiliaria Vesta’s payout ratio is currently 4.91%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on VTMX shares. Zacks Research raised shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. Barclays upped their target price on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Friday, May 22nd. 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets boosted its position in shares of 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 last quarter. ABC Arbitrage SA boosted its position in shares of Corporacion Inmobiliaria Vesta by 148.8% during the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock valued at $4,401,000 after acquiring an additional 86,328 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of Corporacion Inmobiliaria Vesta by 6.6% during the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock valued at $8,803,000 after acquiring an additional 19,967 shares during the last quarter. Finally, Centersquare Investment Management LLC boosted its position in shares of Corporacion Inmobiliaria Vesta by 4.9% during the 3rd quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock valued at $10,357,000 after acquiring an additional 17,110 shares during the last quarter. Institutional investors and hedge funds own 6.61% of the company’s stock.

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.