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

Corporacion Inmobiliaria Vesta (NYSE:VTMX) issued its earnings results on Thursday. The company reported $2.01 EPS for the quarter, topping the consensus estimate of $0.80 by $1.21, FiscalAI reports. The firm had revenue of $76.40 million during the quarter, compared to analysts’ expectations 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 Stock Performance

NYSE VTMX remained flat at $33.62 during trading on Thursday. The company’s stock had a trading volume of 37,145 shares, compared to its average volume of 66,615. The stock has a 50-day simple moving average of $31.72 and a 200 day simple moving average of $29.74. The firm has a market cap of $2.84 billion, a PE ratio of 1,681.00 and a beta of 0.70. Corporacion Inmobiliaria Vesta has a 12 month low of $21.30 and a 12 month high of $34.32. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.97 and a current ratio of 2.97.

Corporacion Inmobiliaria Vesta Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on VTMX shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Wednesday, January 21st. Scotiabank downgraded Corporacion Inmobiliaria Vesta from a “sector outperform” rating to a “hold” rating in a research note on Wednesday, December 10th. UBS Group boosted their price target on shares of Corporacion Inmobiliaria Vesta from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, December 17th. Zacks Research downgraded shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 8th. Finally, Wall Street Zen upgraded shares of Corporacion Inmobiliaria Vesta from a “sell” rating to a “hold” rating in a report on Sunday, October 26th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $33.33.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Corporacion Inmobiliaria Vesta stock. BNP Paribas Financial Markets lifted its position in Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) by 38.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund 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 at the end of the most recent reporting period. 6.61% of the stock is owned by institutional investors and hedge funds.

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.