Corporacion Inmobiliaria Vesta (NYSE:VTMX) Releases Quarterly Earnings Results, Beats Estimates By $0.59 EPS

Corporacion Inmobiliaria Vesta (NYSE:VTMX) posted its earnings results on Wednesday. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.59, Zacks reports. The firm had revenue of $78.50 million for the quarter, compared to analyst estimates of $77.05 million. Corporacion Inmobiliaria Vesta had a return on equity of 14.75% and a net margin of 132.22%.

Corporacion Inmobiliaria Vesta Price Performance

Corporacion Inmobiliaria Vesta stock opened at $33.67 on Friday. Corporacion Inmobiliaria Vesta has a 1 year low of $25.28 and a 1 year high of $37.41. The firm has a 50 day moving average price of $34.20 and a 200 day moving average price of $33.86. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 3.08 and a beta of 0.64. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th were given a $0.1999 dividend. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.4%. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is currently 17.57%.

Insider Activity at Corporacion Inmobiliaria Vesta

In related news, CFO Achutegui Juan Felipe Sottil sold 97,488 shares of Corporacion Inmobiliaria Vesta stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $3.49, for a total value of $340,233.12. Following the transaction, the chief financial officer owned 1,254,120 shares in the company, valued at approximately $4,376,878.80. This trade represents a 7.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Carranza Lorenzo Dominiq Berho sold 50,000 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $3.42, for a total value of $171,000.00. Following the sale, the chief executive officer owned 3,943,199 shares of the company’s stock, valued at $13,485,740.58. This represents a 1.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 2,384,697 shares of company stock worth $8,202,933.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

An institutional investor recently raised its stake in Corporacion Inmobiliaria Vesta stock. BNP Paribas Financial Markets increased its position in Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) by 38.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,116 shares of the company’s stock after purchasing an additional 10,236 shares during the quarter. BNP Paribas Financial Markets’ holdings in Corporacion Inmobiliaria Vesta were worth $1,017,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 6.61% of the company’s stock.

Analyst Upgrades and Downgrades

VTMX has been the topic of several recent research reports. Zacks Research downgraded Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Barclays raised their price target on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. UBS Group boosted their price objective on shares of Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Wall Street Zen lowered Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $42.00.

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.