Corporacion Inmobiliaria Vesta (NYSE:VTMX) Posts Quarterly Earnings Results, Beats Expectations By $0.85 EPS

Key Points

• Earnings beat: Corporacion Inmobiliaria Vesta reported $1.25 EPS for the quarter versus $0.40 expected (a $0.85 beat) and revenue of $76.7M versus $73.32M expected.
• Strong profitability and valuation: the company showed a net margin of 85.41% and ROE of 9.33%, with a market cap of ~$3.0B and a P/E of 12.71; the stock opened at $35.47, down 0.2%.
• Analyst and institutional activity: several analysts upgraded the stock but consensus remains a "Hold" with an average target of $39.50, while BNP Paribas increased its stake by 38.1%.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) released its earnings results on Thursday. The company reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.85, Zacks reports. The company had revenue of $76.70 million for the quarter, compared to analysts' expectations of $73.32 million. Corporacion Inmobiliaria Vesta had a return on equity of 9.33% and a net margin of 85.41%.

Corporacion Inmobiliaria Vesta Stock Down 0.2%

Shares of NYSE:VTMX opened at $35.47 on Friday. The firm has a fifty day moving average price of $34.21 and a two-hundred day moving average price of $31.76. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 4.75 and a beta of 0.67. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.84 and a quick ratio of 4.84. Corporacion Inmobiliaria Vesta has a one year low of $24.37 and a one year high of $37.41.

Institutional Trading of Corporacion Inmobiliaria Vesta

A hedge fund recently raised its stake in Corporacion Inmobiliaria Vesta stock. BNP Paribas Financial Markets increased its holdings in Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Free Report) by 38.1% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,116 shares of the company's stock after purchasing an additional 10,236 shares during the period. BNP Paribas Financial Markets' holdings in Corporacion Inmobiliaria Vesta were worth $1,017,000 as of its most recent SEC filing. 6.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a "hold" rating to a "buy" rating in a report on Saturday, March 28th. Weiss Ratings raised shares of Corporacion Inmobiliaria Vesta from a "sell (d+)" rating to a "hold (c)" rating in a report on Tuesday, February 24th. Finally, Zacks Research raised shares of Corporacion Inmobiliaria Vesta from a "strong sell" rating to a "hold" rating in a report on Monday, March 9th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $39.50.

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.