Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (VTMX) to Issue Annual Dividend of $0.22 on May 13th

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) announced an annual dividend on Friday, April 24th. Shareholders of record on Tuesday, May 5th will be given a dividend of 0.2181 per share on Wednesday, May 13th. This represents a yield of 60.0%. The ex-dividend date is Tuesday, May 5th. This is a 6.8% increase from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20.

Corporacion Inmobiliaria Vesta has a dividend payout ratio of 10.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Corporacion Inmobiliaria Vesta to earn $1.80 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 10.0%.

Corporacion Inmobiliaria Vesta Stock Down 0.8%

Corporacion Inmobiliaria Vesta stock opened at $35.33 on Friday. The company has a current ratio of 5.66, a quick ratio of 5.66 and a debt-to-equity ratio of 0.41. Corporacion Inmobiliaria Vesta has a 1-year low of $24.99 and a 1-year high of $37.41. The firm’s fifty day simple moving average is $34.39 and its 200-day simple moving average is $32.12. The company has a market capitalization of $2.99 billion, a P/E ratio of 9.13, a P/E/G ratio of 4.74 and a beta of 0.67.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its earnings results on Thursday, April 23rd. 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 firm had revenue of $76.70 million for the quarter, compared to the consensus estimate of $73.32 million. Sell-side analysts forecast that Corporacion Inmobiliaria Vesta will post 1.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

A number of institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its stake 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 purchasing an additional 10,236 shares during the period. Lazard Asset Management LLC increased its position in Corporacion Inmobiliaria Vesta by 6.6% in the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock worth $8,803,000 after buying an additional 19,967 shares during the period. Centersquare Investment Management LLC lifted its holdings in shares of Corporacion Inmobiliaria Vesta by 4.9% during the third quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock worth $10,357,000 after buying an additional 17,110 shares during the last quarter. Finally, ABC Arbitrage SA boosted its position in shares of Corporacion Inmobiliaria Vesta by 148.8% in the fourth 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 period. 6.61% of the stock is currently owned by 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.