Corporación Inmobiliaria Vesta (NYSE:VTMX) Trading Down 6.1% Following Weak Earnings

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) was down 6.1% during trading on Wednesday following a dissappointing earnings announcement. The company traded as low as $25.20 and last traded at $25.19. Approximately 127,318 shares were traded during trading, a decline of 24% from the average daily volume of 167,700 shares. The stock had previously closed at $26.82.

The company reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($1.10). The firm had revenue of $65.20 million during the quarter, compared to the consensus estimate of $66.43 million. Corporación Inmobiliaria Vesta had a return on equity of 15.40% and a net margin of 164.44%.

Analysts Set New Price Targets

Separately, Barclays dropped their target price on Corporación Inmobiliaria Vesta from $38.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th.

Institutional Trading of Corporación Inmobiliaria Vesta

A number of institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets acquired a new stake in shares of Corporación Inmobiliaria Vesta in the 4th quarter worth $490,000. Marshall Wace LLP raised its stake in Corporación Inmobiliaria Vesta by 12.5% in the 4th quarter. Marshall Wace LLP now owns 168,194 shares of the company’s stock worth $4,306,000 after acquiring an additional 18,682 shares during the last quarter. Finally, Centersquare Investment Management LLC raised its stake in Corporación Inmobiliaria Vesta by 8.5% in the 4th quarter. Centersquare Investment Management LLC now owns 442,212 shares of the company’s stock worth $11,321,000 after acquiring an additional 34,620 shares during the last quarter. Institutional investors and hedge funds own 6.61% of the company’s stock.

Corporación Inmobiliaria Vesta Price Performance

The company has a market cap of $21.73 billion, a PE ratio of 5.70 and a beta of 0.95. The company has a debt-to-equity ratio of 0.31, a quick ratio of 4.59 and a current ratio of 4.59. The stock has a 50 day moving average of $25.57 and a 200-day moving average of $26.27.

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.