Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (VTMX) To Go Ex-Dividend on July 14th

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) 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 dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, July 14th.

Corporacion Inmobiliaria Vesta has a dividend payout ratio of 38.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 $0.68 annual dividend with an expected future payout ratio of 38.2%.

Corporacion Inmobiliaria Vesta Stock Performance

Shares of VTMX stock traded up $0.41 on Friday, hitting $34.15. The company had a trading volume of 62,474 shares, compared to its average volume of 74,103. The firm has a market cap of $2.89 billion, a P/E ratio of 8.82, a price-to-earnings-growth ratio of 3.09 and a beta of 0.64. The company has a 50-day moving average price of $34.41 and a 200-day moving average price of $33.63. 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 twelve month low of $24.99 and a twelve month high of $37.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly 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 for the quarter, compared to analyst estimates 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 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.