Corporación Inmobiliaria Vesta (NYSE:VTMX) Trading Down 6.1% on Disappointing Earnings

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) shares dropped 6.1% during mid-day 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 company had revenue of $65.20 million for the quarter, compared to analyst estimates of $66.43 million. Corporación Inmobiliaria Vesta had a return on equity of 15.40% and a net margin of 164.44%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Corporación Inmobiliaria Vesta

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

Corporación Inmobiliaria Vesta Stock Down 7.1 %

The company has a market cap of $21.53 billion, a price-to-earnings ratio of 5.64 and a beta of 0.95. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 0.31. The business has a fifty day moving average price of $25.59 and a two-hundred day moving average price of $26.25.

About Corporación Inmobiliaria Vesta

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.