Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) to Issue Quarterly Dividend of $0.20

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) announced a quarterly dividend on Wednesday, July 1st. Investors of record on Tuesday, July 14th will be paid a dividend of 0.1999 per share on Wednesday, July 22nd. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, July 14th.

Corporacion Inmobiliaria Vesta has a payout ratio of 10.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Corporacion Inmobiliaria Vesta to earn $1.78 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 10.1%.

Corporacion Inmobiliaria Vesta Price Performance

VTMX traded down $0.10 during midday trading on Thursday, reaching $34.35. 21,850 shares of the company’s stock were exchanged, compared to its average volume of 90,140. Corporacion Inmobiliaria Vesta has a 1-year low of $24.99 and a 1-year high of $37.41. The stock has a market capitalization of $2.91 billion, a PE ratio of 8.88, a P/E/G ratio of 3.10 and a beta of 0.64. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.66 and a quick ratio of 5.66. The business’s 50-day moving average price is $34.58 and its 200 day moving average price is $33.46.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.85. The business had revenue of $76.75 million during the quarter, compared to analysts’ expectations of $73.32 million. Corporacion Inmobiliaria Vesta had a net margin of 111.99% and a return on equity of 12.23%. As a group, equities analysts anticipate that Corporacion Inmobiliaria Vesta will post 2.52 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Corona Lorenzo Manuel Berho sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $3.41, for a total value of $3,410,000.00. Following the sale, the director directly owned 21,374,883 shares in the company, valued at $72,888,351.03. This trade represents a 4.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Achutegui Juan Felipe Sottil sold 97,488 shares of the business’s 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 of the company’s stock, valued at $4,376,878.80. This trade represents a 7.21% decrease in their position. 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.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

Several large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets boosted its holdings in shares of Corporacion Inmobiliaria Vesta by 38.1% in the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock valued at $1,017,000 after acquiring an additional 10,236 shares in the last quarter. Lazard Asset Management LLC lifted its position in Corporacion Inmobiliaria Vesta by 6.6% in the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock worth $8,803,000 after purchasing an additional 19,967 shares during the period. Finally, ABC Arbitrage SA boosted its stake in Corporacion Inmobiliaria Vesta by 148.8% during the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock valued at $4,401,000 after purchasing an additional 86,328 shares in the last quarter. Institutional investors and hedge funds own 6.61% of the company’s stock.

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.