Corporación Inmobiliaria Vesta (VTMX) to Release Quarterly Earnings on Thursday

Corporación Inmobiliaria Vesta (NYSE:VTMX) is set to release its earnings data after the market closes on Thursday, April 25th. Analysts expect Corporación Inmobiliaria Vesta to post earnings of $0.50 per share for the quarter. Corporación Inmobiliaria Vesta has set its FY 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.92. Corporación Inmobiliaria Vesta had a net margin of 159.04% and a return on equity of 16.91%. The company had revenue of $55.94 million during the quarter. On average, analysts expect Corporación Inmobiliaria Vesta to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Corporación Inmobiliaria Vesta Stock Up 0.7 %

Shares of NYSE:VTMX opened at $35.11 on Thursday. The firm has a fifty day moving average of $37.23 and a 200 day moving average of $36.44. Corporación Inmobiliaria Vesta has a 52-week low of $28.96 and a 52-week high of $41.44. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.34 and a current ratio of 3.84. The firm has a market capitalization of $28.70 billion and a PE ratio of 7.87.

Corporación Inmobiliaria Vesta Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Monday, April 15th were issued a $0.1832 dividend. This is a boost from Corporación Inmobiliaria Vesta’s previous quarterly dividend of $0.14. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Friday, April 12th. Corporación Inmobiliaria Vesta’s dividend payout ratio is presently 3.36%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group boosted their target price on Corporación Inmobiliaria Vesta from $38.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd.

Institutional Investors Weigh In On Corporación Inmobiliaria Vesta

A hedge fund recently bought a new stake in Corporación Inmobiliaria Vesta stock. Integrated Wealth Concepts LLC purchased a new position in Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,870 shares of the company’s stock, valued at approximately $357,000. 6.94% of the stock is currently owned by hedge funds and other institutional investors.

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.