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

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) declared a quarterly dividend on Monday, April 8th, Wall Street Journal reports. Stockholders of record on Monday, April 15th will be paid a dividend of 0.1832 per share on Friday, April 12th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, April 12th. This is an increase from Corporación Inmobiliaria Vesta’s previous quarterly dividend of $0.14.

Corporación Inmobiliaria Vesta Stock Performance

Shares of NYSE:VTMX opened at $41.05 on Tuesday. The firm has a market cap of $33.56 billion and a PE ratio of 9.20. The firm’s 50 day simple moving average is $37.39 and its 200-day simple moving average is $36.31. Corporación Inmobiliaria Vesta has a one year low of $28.96 and a one year high of $41.44. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.34 and a current ratio of 3.84.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings data on Wednesday, February 21st. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter. As a group, equities analysts predict that Corporación Inmobiliaria Vesta will post 1.9 EPS for the current year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Corporación Inmobiliaria Vesta

An institutional investor recently bought a new position in Corporación Inmobiliaria Vesta stock. Marshall Wace LLP bought a new stake in Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 150,000 shares of the company’s stock, valued at approximately $4,833,000. Institutional investors own 6.94% of the company’s stock.

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.