Corporación Inmobiliaria Vesta, S.A.B. de C.V. to Issue Quarterly Dividend of $0.15 (NYSE:VTMX)

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) declared a quarterly dividend on Wednesday, July 10th, Wall Street Journal reports. Stockholders of record on Friday, January 1st will be given a dividend of 0.1549 per share on Monday, July 15th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Monday, July 15th.

Corporación Inmobiliaria Vesta has a payout ratio of 10.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Corporación Inmobiliaria Vesta to earn $2.40 per share next year, which means the company should continue to be able to cover its $0.18 annual dividend with an expected future payout ratio of 7.5%.

Corporación Inmobiliaria Vesta Trading Up 3.7 %

NYSE VTMX traded up $1.11 during mid-day trading on Wednesday, hitting $31.52. The company’s stock had a trading volume of 296,120 shares, compared to its average volume of 131,188. Corporación Inmobiliaria Vesta has a 52-week low of $28.96 and a 52-week high of $41.44. The stock’s fifty day simple moving average is $33.26 and its two-hundred day simple moving average is $35.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.09 and a quick ratio of 3.09. The firm has a market capitalization of $27.23 billion and a P/E ratio of 6.06.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.41 EPS for the quarter, beating the consensus estimate of $0.50 by $0.91. Corporación Inmobiliaria Vesta had a net margin of 182.61% and a return on equity of 18.25%. The firm had revenue of $60.59 million for the quarter. Research analysts expect that Corporación Inmobiliaria Vesta will post 3 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised their price target on shares of Corporación Inmobiliaria Vesta from $38.00 to $42.00 and gave the company a “buy” rating in a report on Friday, March 22nd.

Corporación Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, SAB. de C.V., together with its subsidiaries, acquires, develops, manages, operates, and leases industrial buildings and distribution facilities in Mexico. The company was incorporated in 1998 and is headquartered in Mexico City, Mexico.