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

Corporación Inmobiliaria Vesta (NYSE:VTMX) is scheduled to be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.50 per share for the quarter. Corporación Inmobiliaria Vesta has set its FY 2024 guidance at EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last posted its earnings results on Wednesday, February 21st. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm 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 Price Performance

NYSE:VTMX opened at $35.11 on Thursday. The stock has a market capitalization of $28.70 billion and a PE ratio of 7.87. Corporación Inmobiliaria Vesta has a 52 week low of $28.96 and a 52 week high of $41.44. The company has a quick ratio of 4.34, a current ratio of 3.84 and a debt-to-equity ratio of 0.34. The stock’s 50-day moving average price is $37.23 and its 200-day moving average price is $36.44.

Corporación Inmobiliaria Vesta Increases Dividend

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

Institutional Trading of Corporación Inmobiliaria Vesta

An institutional investor recently bought a new position in Corporación Inmobiliaria Vesta stock. Marshall Wace LLP purchased a new stake in Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 150,000 shares of the company’s stock, valued at approximately $4,833,000. Hedge funds and other institutional investors own 6.94% of the company’s stock.

Analysts Set New Price Targets

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

About Corporación Inmobiliaria Vesta

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.