Corporacion Inmobiliaria Vesta (NYSE:VTMX) Releases Earnings Results, Beats Estimates By $0.73 EPS

Corporacion Inmobiliaria Vesta (NYSE:VTMX) posted its earnings results on Thursday. The company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.73, Zacks reports. Corporacion Inmobiliaria Vesta had a return on equity of 14.20% and a net margin of 132.22%.

Corporacion Inmobiliaria Vesta Trading Down 1.3%

VTMX stock traded down $0.46 during mid-day trading on Thursday, reaching $35.74. 43,887 shares of the stock traded hands, compared to its average volume of 81,865. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.26 and a current ratio of 4.26. Corporacion Inmobiliaria Vesta has a one year low of $27.18 and a one year high of $37.41. The stock has a market capitalization of $3.44 billion, a PE ratio of 7.77, a PEG ratio of 3.79 and a beta of 0.66. The business has a 50-day moving average price of $33.98 and a two-hundred day moving average price of $34.37.

Corporacion Inmobiliaria Vesta Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Wednesday, October 14th will be given a dividend of $0.1999 per share. The ex-dividend date is Wednesday, October 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.2%. Corporacion Inmobiliaria Vesta’s payout ratio is 14.57%.

Insider Transactions at Corporacion Inmobiliaria Vesta

In related news, insider Castillo Cacho Guillermo Del sold 10,000 shares of Corporacion Inmobiliaria Vesta stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $3.48, for a total transaction of $34,800.00. Following the completion of the transaction, the insider directly owned 5,000 shares of the company’s stock, valued at approximately $17,400. The trade was a 66.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Carranza Lorenzo Dominiq Berho sold 60,000 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $3.58, for a total transaction of $214,800.00. Following the transaction, the chief executive officer owned 3,833,109 shares in the company, valued at $13,722,530.22. The trade was a 1.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 126,203 shares of company stock worth $445,801.

Analyst Upgrades and Downgrades

VTMX has been the subject of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Wednesday, August 19th. Zacks Research downgraded shares of Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.00.

Corporacion Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, SAB. de C.V., commonly known as Vesta, is a Mexican industrial real estate company focused on the development, acquisition, ownership, leasing and management of industrial properties. Its portfolio is designed to support manufacturing, logistics, distribution and other business operations.

Vesta provides industrial buildings, build-to-suit facilities and logistics-oriented properties for domestic and international companies. The company’s properties are located in major industrial markets across Mexico, including regions serving automotive, aerospace, electronics, logistics and other manufacturing activities.

Vesta was established in Mexico in 1998 and has expanded its platform alongside the country’s manufacturing and nearshoring industries.