Corporacion Inmobiliaria Vesta (NYSE:VTMX) exceeded analyst expectations for its quarterly earnings, reporting an EPS of $2.01 against an estimated $0.80, though revenue of $76.4 million fell short of the $1.29 billion consensus. The company also announced an increased annual dividend of $0.2041 per share, reflecting a 63.0% yield, but noted an unsustainable payout ratio of 850%. Despite the earnings beat, analyst ratings are mixed, with a “Reduce” consensus and a target price of $33.33, while the stock traded flat at $33.62.
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Corporacion Inmobiliaria Vesta (NYSE:VTMX) Issues Quarterly Earnings Results, Beats Estimates By $1.21 EPS
Corporacion Inmobiliaria Vesta (NYSE:VTMX) exceeded analyst expectations for its quarterly earnings, reporting an EPS of $2.01 against an estimated $0.80, though revenue of $76.4 million fell short of the $1.29 billion consensus. The company also announced an increased annual dividend of $0.2041 per share, reflecting a 63.0% yield, but noted an unsustainable payout ratio of 850%. Despite the earnings beat, analyst ratings are mixed, with a “Reduce” consensus and a target price of $33.33, while the stock traded flat at $33.62.