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

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

Corporacion Inmobiliaria Vesta Price Performance

VTMX stock opened at $33.62 on Friday. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.50. The firm has a 50 day simple moving average of $31.77 and a 200-day simple moving average of $29.77. The company has a market capitalization of $2.84 billion, a P/E ratio of 1,681.00 and a beta of 0.70. Corporacion Inmobiliaria Vesta has a twelve month low of $21.30 and a twelve month high of $34.32.

Corporacion Inmobiliaria Vesta Increases Dividend

The firm also recently announced an annual dividend, which was paid on Tuesday, January 27th. Stockholders of record on Friday, January 16th were paid a dividend of $0.2041 per share. This is an increase from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. The ex-dividend date was Friday, January 16th. This represents a dividend yield of 63.0%. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is currently 850.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on VTMX shares. Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a “sell” rating to a “hold” rating in a research note on Sunday, October 26th. Weiss Ratings reissued a “sell (d+)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Wednesday, January 21st. UBS Group upped their target price on Corporacion Inmobiliaria Vesta from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Barclays increased their target price on Corporacion Inmobiliaria Vesta from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Finally, Zacks Research lowered Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 8th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $33.33.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Corporacion Inmobiliaria Vesta stock. BNP Paribas Financial Markets grew its position in Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) by 38.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,116 shares of the company’s stock after acquiring 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. Institutional investors and hedge funds own 6.61% of the company’s stock.

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.