Corporacion Inmobiliaria Vesta (NYSE:VTMX) Posts Quarterly Earnings Results, Misses Estimates By $0.20 EPS

Key Points

• Corporacion Inmobiliaria Vesta reported a quarterly EPS of $0.29, missing estimates by $0.20, with a return on equity of 1.24% and a net margin of 12.15%.
• The company increased its annual dividend to $0.2025 per share, yielding 78.0%, up from the previous $0.20, and has a dividend payout ratio of 89.47%.
• Despite the earnings miss, VTMX shares rose 0.6% to $27.43, with recent institutional interest as BNP Paribas increased its holdings by 38.1%.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.20), Zacks reports. Corporacion Inmobiliaria Vesta had a return on equity of 1.24% and a net margin of 12.15%.

Corporacion Inmobiliaria Vesta Stock Up 0.6%

NYSE:VTMX traded up $0.16 during mid-day trading on Thursday, hitting $27.43. 221,583 shares of the company's stock traded hands, compared to its average volume of 176,872. The company has a fifty day moving average of $27.42 and a 200 day moving average of $27.14. Corporacion Inmobiliaria Vesta has a twelve month low of $21.30 and a twelve month high of $30.07. The company has a market capitalization of $23.69 billion, a P/E ratio of 144.35, a P/E/G ratio of 4.35 and a beta of 0.69. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.82 and a current ratio of 1.82.

Corporacion Inmobiliaria Vesta Increases Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, October 22nd. Investors of record on Tuesday, October 14th were given a dividend of $0.2025 per share. The ex-dividend date of this dividend was Tuesday, October 14th. This represents a yield of 78.0%. This is an increase from Corporacion Inmobiliaria Vesta's previous annual dividend of $0.20. Corporacion Inmobiliaria Vesta's dividend payout ratio is currently 89.47%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Corporacion Inmobiliaria Vesta stock. BNP Paribas Financial Markets boosted its holdings in shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Free Report) by 38.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,116 shares of the company's stock after buying an additional 10,236 shares during the period. 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 (SEC). Hedge funds and other institutional investors own 6.61% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on VTMX shares. UBS Group reduced their price target on Corporacion Inmobiliaria Vesta from $36.00 to $35.00 and set a "buy" rating for the company in a research report on Monday, September 15th. Zacks Research raised Corporacion Inmobiliaria Vesta from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 14th. Barclays boosted their price target on Corporacion Inmobiliaria Vesta from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Wall Street Zen lowered Corporacion Inmobiliaria Vesta from a "hold" rating to a "sell" rating in a research report on Saturday, October 18th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Corporacion Inmobiliaria Vesta in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $31.33.

Corporacion Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, SAB. de C.V., together with its subsidiaries, acquires, develops, manages, operates, and leases industrial buildings and distribution facilities in Mexico. The company was incorporated in 1998 and is headquartered in Mexico City, Mexico.

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