Corporación Inmobiliaria Vesta, S.A.B. de C.V. (VTMX) To Go Ex-Dividend on July 15th

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) declared a quarterly dividend on Wednesday, July 10th, Wall Street Journal reports. Stockholders of record on Friday, January 1st will be paid a dividend of 0.1549 per share on Monday, July 15th. This represents a $0.62 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Monday, July 15th.

Corporación Inmobiliaria Vesta has a payout ratio of 10.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Corporación Inmobiliaria Vesta to earn $2.40 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 7.5%.

Corporación Inmobiliaria Vesta Price Performance

Shares of VTMX stock opened at $32.47 on Friday. The business has a fifty day simple moving average of $33.10 and a 200 day simple moving average of $35.94. The company has a market cap of $28.05 billion and a P/E ratio of 6.47. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.33. Corporación Inmobiliaria Vesta has a twelve month low of $28.96 and a twelve month high of $41.44.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last issued its earnings results on Thursday, April 25th. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $0.50 by $0.91. Corporación Inmobiliaria Vesta had a return on equity of 18.25% and a net margin of 182.61%. The firm had revenue of $60.59 million during the quarter. On average, sell-side analysts forecast that Corporación Inmobiliaria Vesta will post 3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.