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

Key Points

• Declared annual dividend of $0.2181 per ADR (≈ $0.22) payable May 13 to holders of record May 5, a 6.8% increase from the prior annual payout and listed in the release as a 60.0% dividend yield.
• The dividend appears well covered with a payout ratio of 10.1%, and analysts expect about $1.80 in EPS next year, implying continued low payout levels around 10%.
• Recent results showed a strong beat—Q1 EPS of $1.25 vs. $0.40 consensus and $76.7M revenue—while the stock trades at a P/E of 9.13 and a market cap of ~$2.99 billion.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) declared an annual dividend on Friday, April 24th. Investors of record on Tuesday, May 5th will be given a dividend of 0.2181 per share on Wednesday, May 13th. This represents a dividend yield of 60.0%. The ex-dividend date 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% indicating that 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 Price Performance

Corporacion Inmobiliaria Vesta stock opened at $35.33 on Friday. The stock's 50 day moving average is $34.39 and its 200 day moving average is $32.12. 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 firm has a market cap 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.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last issued its earnings results on Thursday, April 23rd. 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 $76.70 million during the quarter, compared to the consensus estimate of $73.32 million. Corporacion Inmobiliaria Vesta had a return on equity of 12.23% and a net margin of 111.99%. As a group, research analysts expect that Corporacion Inmobiliaria Vesta will post 1.7 EPS for the current year.

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.

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