Corporacion Inmobiliaria Vesta (NYSE:VTMX) Releases Earnings Results, Beats Estimates By $1.21 EPS

Corporacion Inmobiliaria Vesta (NYSE:VTMX) posted its quarterly earnings results on Thursday. The company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $1.21, FiscalAI reports. The firm had revenue of $76.40 million during the quarter, compared to the consensus estimate of $1.29 billion. Corporacion Inmobiliaria Vesta had a return on equity of 0.19% and a net margin of 1.83%.

Corporacion Inmobiliaria Vesta Price Performance

Shares of NYSE:VTMX remained flat at $33.62 on Thursday. The stock had a trading volume of 37,145 shares, compared to its average volume of 66,615. Corporacion Inmobiliaria Vesta has a fifty-two week low of $21.30 and a fifty-two week high of $34.32. The stock’s 50 day simple moving average is $31.72 and its 200 day simple moving average is $29.74. The company has a market capitalization of $2.84 billion, a PE ratio of 1,681.00 and a beta of 0.70. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.97 and a quick ratio of 2.97.

Corporacion Inmobiliaria Vesta Increases Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, January 27th. Investors of record on Friday, January 16th were issued a dividend of $0.2041 per share. This represents a yield of 63.0%. The ex-dividend date was Friday, January 16th. This is a boost from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. Corporacion Inmobiliaria Vesta’s payout ratio is currently 850.00%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VTMX. UBS Group increased their price objective on shares of Corporacion Inmobiliaria Vesta from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Wall Street Zen upgraded Corporacion Inmobiliaria Vesta from a “sell” rating to a “hold” rating in a research report on Sunday, October 26th. Zacks Research lowered Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 8th. Scotiabank cut shares of Corporacion Inmobiliaria Vesta from a “sector outperform” rating to a “hold” rating in a research report on Wednesday, December 10th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Corporacion Inmobiliaria Vesta has an average rating of “Reduce” and an average target price of $33.33.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Corporacion Inmobiliaria Vesta stock. Lazard Asset Management LLC raised its stake in Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) by 6.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 321,442 shares of the company’s stock after buying an additional 19,967 shares during the period. Lazard Asset Management LLC’s holdings in Corporacion Inmobiliaria Vesta were worth $8,803,000 at the end of the most recent reporting period. Institutional investors 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.