Corporación Inmobiliaria Vesta (VTMX) Set to Announce Earnings on Thursday

Corporación Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Thursday, October 24th. Analysts expect Corporación Inmobiliaria Vesta to post earnings of $0.20 per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

Corporación Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.73. The company had revenue of $63.02 million for the quarter. Corporación Inmobiliaria Vesta had a net margin of 179.79% and a return on equity of 17.11%. On average, analysts expect Corporación Inmobiliaria Vesta to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Corporación Inmobiliaria Vesta Price Performance

NYSE:VTMX traded down $0.04 during trading hours on Thursday, hitting $25.87. The company's stock had a trading volume of 130,771 shares, compared to its average volume of 151,081. Corporación Inmobiliaria Vesta has a 52-week low of $25.30 and a 52-week high of $41.44. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.10 and a current ratio of 3.10. The company has a market capitalization of $22.35 billion, a PE ratio of 5.31 and a beta of 1.40. The business's 50-day moving average is $27.65 and its two-hundred day moving average is $31.44.

Corporación Inmobiliaria Vesta Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, October 11th were given a $0.1843 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.85%. This is a boost from Corporación Inmobiliaria Vesta's previous quarterly dividend of $0.15. Corporación Inmobiliaria Vesta's dividend payout ratio (DPR) is currently 3.29%.

Analysts Set New Price Targets

A number of research firms recently commented on VTMX. Barclays decreased their price objective on Corporación Inmobiliaria Vesta from $40.00 to $38.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 31st. The Goldman Sachs Group decreased their price target on Corporación Inmobiliaria Vesta from $42.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, October 7th.

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.