Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Raises Dividend to $0.22 Per Share

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) declared an annual dividend on Friday, April 24th. Investors of record on Tuesday, May 5th will be paid a dividend of 0.2181 per share on Wednesday, May 13th. This represents a yield of 60.0%. The ex-dividend date of this dividend 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 payout ratio of 10.1% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 0.8%

Shares of VTMX opened at $35.33 on Friday. 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 has a one year low of $24.99 and a one year high of $37.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 5.66 and a current ratio of 5.66. The stock has a 50-day moving average price of $34.39 and a 200 day moving average price of $32.12.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its earnings results on Thursday, April 23rd. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.85. The company had revenue of $76.70 million during the quarter, compared to the consensus estimate of $73.32 million. Corporacion Inmobiliaria Vesta had a net margin of 111.99% and a return on equity of 12.23%. Sell-side analysts forecast that Corporacion Inmobiliaria Vesta will post 1.7 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on VTMX. Zacks Research raised shares of Corporacion Inmobiliaria Vesta from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Weiss Ratings raised Corporacion Inmobiliaria Vesta from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, February 24th. Finally, Wall Street Zen raised Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $39.50.

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.