Corporación Inmobiliaria Vesta (VTMX) Set to Announce Earnings on Thursday

Corporación Inmobiliaria Vesta (NYSE:VTMX) will be posting its quarterly earnings results after the market closes on Thursday, October 24th. Analysts expect Corporación Inmobiliaria Vesta to post earnings of $0.20 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.73. The business had revenue of $63.02 million for the quarter. Corporación Inmobiliaria Vesta had a return on equity of 17.11% and a net margin of 179.79%. On average, analysts expect Corporación Inmobiliaria Vesta to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Corporación Inmobiliaria Vesta Trading Down 0.2 %

Shares of NYSE:VTMX opened at $25.88 on Tuesday. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.32. Corporación Inmobiliaria Vesta has a 52-week low of $25.30 and a 52-week high of $41.44. The stock has a market cap of $22.36 billion, a price-to-earnings ratio of 5.31 and a beta of 1.40. The business has a 50-day moving average price of $27.42 and a 200-day moving average price of $31.10.

Corporación Inmobiliaria Vesta Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, October 11th were issued a $0.1843 dividend. This represents a $0.74 annualized dividend and a yield of 2.85%. The ex-dividend date was Friday, October 11th. This is an increase from Corporación Inmobiliaria Vesta’s previous quarterly dividend of $0.15. Corporación Inmobiliaria Vesta’s dividend payout ratio is 3.08%.

Wall Street Analyst Weigh In

Several brokerages have commented on VTMX. Barclays decreased their price objective on shares of Corporación Inmobiliaria Vesta from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. The Goldman Sachs Group decreased their target price on shares of Corporación Inmobiliaria Vesta from $42.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, October 7th.

About Corporación Inmobiliaria Vesta

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.