Corporación Inmobiliaria Vesta (VTMX) Scheduled to Post Earnings on Thursday

Corporación Inmobiliaria Vesta (NYSE:VTMX) is scheduled to be releasing its earnings data after the market closes on Thursday, October 24th. Investors interested in listening to the company’s conference call can do so using this link.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last issued its earnings results on Thursday, July 25th. The company reported $1.23 EPS 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 Price Performance

NYSE VTMX opened at $25.91 on Thursday. The business’s fifty day moving average price is $27.70 and its 200-day moving average price is $31.48. The stock has a market capitalization of $22.38 billion, a price-to-earnings ratio of 5.32 and a beta of 1.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.10 and a quick ratio of 3.10. Corporación Inmobiliaria Vesta has a 1-year low of $25.30 and a 1-year high of $41.44.

Corporación Inmobiliaria Vesta Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, October 11th were issued a dividend of $0.1843 per share. This represents a $0.74 annualized dividend and a dividend yield of 2.85%. This is a boost from Corporación Inmobiliaria Vesta’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, October 11th. Corporación Inmobiliaria Vesta’s dividend payout ratio is presently 3.29%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on VTMX shares. Barclays lowered their price target on Corporación Inmobiliaria Vesta from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. The Goldman Sachs Group decreased their target price on Corporación Inmobiliaria Vesta from $42.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, October 7th.

Corporación Inmobiliaria Vesta Company Profile

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.