Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (VTMX) to Issue Quarterly Dividend of $0.20 on July 22nd

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) announced a quarterly dividend on Wednesday, July 1st. Stockholders of record on Tuesday, July 14th will be paid a dividend of 0.1999 per share on Wednesday, July 22nd. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, July 14th.

Corporacion Inmobiliaria Vesta has a dividend 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

VTMX stock opened at $34.40 on Friday. The company has a quick ratio of 5.66, a current ratio of 5.66 and a debt-to-equity ratio of 0.41. Corporacion Inmobiliaria Vesta has a 52-week low of $24.99 and a 52-week high of $37.41. The stock’s 50 day moving average is $34.56 and its two-hundred day moving average is $33.49. The company has a market capitalization of $2.91 billion, a PE ratio of 8.89, a P/E/G ratio of 3.11 and a beta of 0.64.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released 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 return on equity of 12.23% and a net margin of 111.99%. Analysts predict that Corporacion Inmobiliaria Vesta will post 2.52 earnings per share for the current fiscal year.

Corporacion Inmobiliaria Vesta Company Profile

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.