Corporacion Inmobiliaria Vesta (NYSE:VTMX) Announces Earnings Results

Key Points

• Vesta reported quarterly EPS of $1.18, exceeding the consensus estimate of $0.45 by $0.73. The company posted a 132.22% net margin and 14.20% return on equity.
• Shares fell 1.3% to $35.74 during Thursday trading, while Vesta announced a quarterly dividend of $0.1999 per share, representing a 2.2% yield.
• Analysts maintain a consensus “Hold” rating with a $42.00 price target; two analysts rate the stock Buy and three rate it Hold.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.73, Zacks reports. Corporacion Inmobiliaria Vesta had a net margin of 132.22% and a return on equity of 14.20%.

Corporacion Inmobiliaria Vesta Stock Down 1.3%

NYSE:VTMX traded down $0.46 during trading hours on Thursday, hitting $35.74. The company's stock had a trading volume of 43,884 shares, compared to its average volume of 81,811. The stock has a market capitalization of $3.44 billion, a P/E ratio of 7.77, a price-to-earnings-growth ratio of 3.79 and a beta of 0.66. The stock has a fifty day moving average of $33.98 and a 200-day moving average of $34.37. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 0.37. Corporacion Inmobiliaria Vesta has a 52-week low of $27.18 and a 52-week high of $37.41.

Corporacion Inmobiliaria Vesta Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Wednesday, October 14th will be issued a $0.1999 dividend. This represents a $0.80 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, October 14th. Corporacion Inmobiliaria Vesta's dividend payout ratio is 14.57%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VTMX. Weiss Ratings restated a "hold (c)" rating on shares of Corporacion Inmobiliaria Vesta in a report on Wednesday, August 19th. Zacks Research lowered shares of Corporacion Inmobiliaria Vesta from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. 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, Corporacion Inmobiliaria Vesta has an average rating of "Hold" and a consensus price target of $42.00.

Insider Buying and Selling at Corporacion Inmobiliaria Vesta

In other Corporacion Inmobiliaria Vesta news, Director Lorenzo Berho sold 33,442 shares of Corporacion Inmobiliaria Vesta stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $3.51, for a total transaction of $117,381.42. Following the completion of the sale, the director directly owned 20,683,228 shares of the company's stock, valued at $72,598,130.28. The trade was a 0.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Carranza Lorenzo Dominiq Berho sold 60,000 shares of the firm's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $3.58, for a total value of $214,800.00. Following the sale, the chief executive officer directly owned 3,833,109 shares in the company, valued at $13,722,530.22. This trade represents a 1.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 126,203 shares of company stock worth $445,801 over the last ninety days.

Corporacion Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, SAB. de C.V., commonly known as Vesta, is a Mexican industrial real estate company focused on the development, acquisition, ownership, leasing and management of industrial properties. Its portfolio is designed to support manufacturing, logistics, distribution and other business operations.

Vesta provides industrial buildings, build-to-suit facilities and logistics-oriented properties for domestic and international companies. The company's properties are located in major industrial markets across Mexico, including regions serving automotive, aerospace, electronics, logistics and other manufacturing activities.

Vesta was established in Mexico in 1998 and has expanded its platform alongside the country's manufacturing and nearshoring industries.

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