Corporacion Inmobiliaria Vesta (NYSE:VTMX) Posts Earnings Results

Corporacion Inmobiliaria Vesta (NYSE:VTMX) announced its earnings results on Thursday. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.72, Zacks reports. Corporacion Inmobiliaria Vesta had a net margin of 132.22% and a return on equity of 14.20%. The firm had revenue of $79.56 million for the quarter, compared to analyst estimates of $79.15 million.

Corporacion Inmobiliaria Vesta Trading Down 1.3%

Shares of Corporacion Inmobiliaria Vesta stock opened at $35.74 on Friday. The firm has a market capitalization of $3.44 billion, a PE ratio of 7.77, a price-to-earnings-growth ratio of 3.74 and a beta of 0.66. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $34.01 and its 200 day moving average is $34.38. Corporacion Inmobiliaria Vesta has a 1 year low of $27.18 and a 1 year high of $37.41.

Corporacion Inmobiliaria Vesta Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Stockholders of record on Wednesday, October 14th were paid a $0.1999 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Wednesday, October 14th. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is presently 14.57%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on VTMX. Zacks Research downgraded shares of Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Wednesday, August 19th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $42.00.

Insider Buying and Selling

In related news, insider Castillo Cacho Guillermo Del sold 10,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $3.48, for a total value of $34,800.00. Following the completion of the transaction, the insider owned 5,000 shares of the company’s stock, valued at $17,400. This represents a 66.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Carranza Lorenzo Dominiq Berho sold 60,000 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $3.58, for a total transaction of $214,800.00. Following the completion of the transaction, the chief executive officer directly owned 3,833,109 shares of the company’s stock, valued at approximately $13,722,530.22. The trade was a 1.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 126,203 shares of company stock worth $445,801 in the last three months.

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.