Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Declares Quarterly Dividend of $0.20

by · The Markets Daily

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX – Get Free Report) declared a quarterly dividend on Wednesday, July 1st. Shareholders of record on Tuesday, July 14th will be given a dividend of 0.1999 per share on Wednesday, July 22nd. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, July 14th.

Corporacion Inmobiliaria Vesta has a payout ratio of 10.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Corporacion Inmobiliaria Vesta to earn $1.78 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 10.1%.

Corporacion Inmobiliaria Vesta Price Performance

Shares of Corporacion Inmobiliaria Vesta stock traded down $0.10 during midday trading on Thursday, reaching $34.35. The company had a trading volume of 21,076 shares, compared to its average volume of 90,133. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 8.88, a price-to-earnings-growth ratio of 3.10 and a beta of 0.64. The company has a current ratio of 5.66, a quick ratio of 5.66 and a debt-to-equity ratio of 0.41. Corporacion Inmobiliaria Vesta has a 1-year low of $24.99 and a 1-year high of $37.41. The stock has a fifty day simple moving average of $34.58 and a 200 day simple moving average of $33.46.

Corporacion Inmobiliaria Vesta (NYSE:VTMX – Get Free Report) last issued its earnings results on Wednesday, April 22nd. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $0.40 by $0.85. The company had revenue of $76.75 million during the quarter, compared to analysts’ expectations of $73.32 million. Corporacion Inmobiliaria Vesta had a net margin of 111.99% and a return on equity of 12.23%. As a group, equities research analysts forecast that Corporacion Inmobiliaria Vesta will post 2.52 earnings per share for the current year.

About Corporacion Inmobiliaria Vesta

(Get Free Report)

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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