Corporacion Inmobiliaria Vesta (NYSE:VTMX) Posts Earnings Results, Beats Expectations By $0.73 EPS

Corporacion Inmobiliaria Vesta (NYSE:VTMX) posted its earnings results on Thursday. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.73, Zacks reports. Corporacion Inmobiliaria Vesta had a return on equity of 14.20% and a net margin of 132.22%.

Corporacion Inmobiliaria Vesta Price Performance

Corporacion Inmobiliaria Vesta stock traded down $0.46 during midday trading on Thursday, reaching $35.74. The company’s stock had a trading volume of 43,884 shares, compared to its average volume of 81,811. Corporacion Inmobiliaria Vesta has a fifty-two week low of $27.18 and a fifty-two week high of $37.41. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.26 and a current ratio of 4.26. The stock’s 50 day simple moving average is $33.98 and its 200 day simple moving average is $34.37. The firm has a market capitalization of $3.44 billion, a PE ratio of 7.77, a P/E/G ratio of 3.79 and a beta of 0.66.

Corporacion Inmobiliaria Vesta Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Lorenzo Berho sold 33,442 shares of Corporacion Inmobiliaria Vesta stock in a transaction that occurred on Wednesday, August 26th. The shares were 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 in the company, valued at approximately $72,598,130.28. This trade represents a 0.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Castillo Cacho Guillermo Del sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $3.48, for a total value of $34,800.00. Following the sale, the insider directly owned 5,000 shares in the company, valued at $17,400. This trade represents a 66.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 126,203 shares of company stock worth $445,801.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VTMX. Weiss Ratings reissued a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Wednesday, August 19th. Zacks Research downgraded Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research note 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $42.00.

About Corporacion Inmobiliaria Vesta

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.