Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) Plans Dividend Increase – $0.18 Per Share

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMXGet Free Report) declared a quarterly dividend on Monday, October 7th, Wall Street Journal reports. Investors of record on Friday, January 1st will be given a dividend of 0.1843 per share on Friday, October 11th. This represents a $0.74 annualized dividend and a yield of 2.71%. The ex-dividend date is Friday, October 11th. This is a boost from Corporación Inmobiliaria Vesta’s previous quarterly dividend of $0.15.

Corporación Inmobiliaria Vesta has a payout ratio of 10.4% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

VTMX stock opened at $27.19 on Thursday. The stock has a market capitalization of $23.49 billion, a PE ratio of 5.42 and a beta of 1.40. Corporación Inmobiliaria Vesta has a 12-month low of $25.30 and a 12-month high of $41.44. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.32. The stock’s 50 day simple moving average is $27.86 and its 200 day simple moving average is $31.87.

Corporación Inmobiliaria Vesta (NYSE:VTMXGet Free Report) last released 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 business had revenue of $63.02 million for the quarter. Corporación Inmobiliaria Vesta had a return on equity of 17.11% and a net margin of 179.79%. As a group, research analysts forecast that Corporación Inmobiliaria Vesta will post 3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on VTMX shares. Barclays lowered their price target on Corporación Inmobiliaria Vesta from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. The Goldman Sachs Group lowered their price target on Corporación Inmobiliaria Vesta from $42.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday.

View Our Latest Stock Report on Corporación Inmobiliaria Vesta

About Corporación Inmobiliaria Vesta

(Get Free Report)

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.

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Dividend History for Corporación Inmobiliaria Vesta (NYSE:VTMX)

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