Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Announces Quarterly Dividend of $0.20

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) announced a quarterly dividend on Wednesday, July 1st. Stockholders of record on Tuesday, July 14th will be paid a dividend of 0.1999 per share on Wednesday, July 22nd. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, July 14th.

Corporacion Inmobiliaria Vesta has a payout ratio of 10.1% indicating that its dividend is sufficiently covered by earnings. 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 $0.18 annual dividend with an expected future payout ratio of 10.1%.

Corporacion Inmobiliaria Vesta Price Performance

Shares of Corporacion Inmobiliaria Vesta stock traded down $0.10 during mid-day trading on Thursday, reaching $34.35. 21,076 shares of the stock were exchanged, compared to its average volume of 90,133. Corporacion Inmobiliaria Vesta has a fifty-two week low of $24.99 and a fifty-two week high of $37.41. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 8.88, a price-to-earnings-growth ratio of 3.10 and a beta of 0.64. The firm has a 50-day simple moving average of $34.58 and a 200 day simple moving average of $33.46. The company has a current ratio of 5.66, a quick ratio of 5.66 and a debt-to-equity ratio of 0.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its earnings results on Wednesday, April 22nd. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $0.40 by $0.85. Corporacion Inmobiliaria Vesta had a return on equity of 12.23% and a net margin of 111.99%.The business had revenue of $76.75 million for the quarter, compared to the consensus estimate of $73.32 million. On average, sell-side analysts predict that Corporacion Inmobiliaria Vesta will post 2.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Achutegui Juan Felipe Sottil sold 97,488 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $3.49, for a total transaction of $340,233.12. Following the sale, the chief financial officer directly owned 1,254,120 shares in the company, valued at $4,376,878.80. This represents a 7.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Corona Lorenzo Manuel Berho sold 1,000,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $3.41, for a total transaction of $3,410,000.00. Following the transaction, the director owned 21,374,883 shares of the company’s stock, valued at $72,888,351.03. This trade represents a 4.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,384,697 shares of company stock worth $8,202,933 over the last quarter.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

A number of institutional investors have recently bought and sold shares of VTMX. Lazard Asset Management LLC lifted its position in Corporacion Inmobiliaria Vesta by 6.6% during the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock valued at $8,803,000 after purchasing an additional 19,967 shares during the last quarter. ABC Arbitrage SA increased its holdings in shares of Corporacion Inmobiliaria Vesta by 148.8% during the fourth quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock valued at $4,401,000 after acquiring an additional 86,328 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Corporacion Inmobiliaria Vesta by 38.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock worth $1,017,000 after acquiring an additional 10,236 shares during the last quarter. Hedge funds and other institutional investors own 6.61% of the company’s stock.

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.