Corporacion Inmobiliaria Vesta (NYSE:VTMX) Shares Gap Down on Disappointing Earnings

Key Points

• Corporacion Inmobiliaria Vesta shares gapped down from $26.52 to $25.28, currently trading at $25.48 with a volume of 10,164 shares.
• Analysts have varied ratings for VTMX, with a consensus rating of "Moderate Buy" and an average target price of $31.33.
• The company reported a missed earnings estimate of $0.17 EPS against a consensus of $0.50, with significant revenue shortfalls.
• Recent changes by institutional investors indicate increased interest, with 6.61% of the stock currently held by these entities.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) shares gapped down before the market opened on Friday following a dissappointing earnings announcement. The stock had previously closed at $26.52, but opened at $25.28. Corporacion Inmobiliaria Vesta shares last traded at $25.48, with a volume of 10,164 shares trading hands.

The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.18). The business had revenue of $62.20 million for the quarter, compared to analysts' expectations of $1.43 billion. Corporacion Inmobiliaria Vesta had a return on equity of 1.24% and a net margin of 12.15%.

Analyst Upgrades and Downgrades

VTMX has been the subject of a number of analyst reports. UBS Group lowered their price objective on Corporacion Inmobiliaria Vesta from $38.00 to $36.00 and set a "buy" rating for the company in a research report on Friday, July 18th. Barclays increased their price objective on Corporacion Inmobiliaria Vesta from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Tuesday. Wall Street Zen downgraded Corporacion Inmobiliaria Vesta from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Scotiabank raised Corporacion Inmobiliaria Vesta to a "strong-buy" rating in a report on Sunday, April 13th. Two equities research analysts have rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Corporacion Inmobiliaria Vesta presently has an average rating of "Hold" and a consensus price target of $31.67.

Institutional Trading of Corporacion Inmobiliaria Vesta

Large investors have recently made changes to their positions in the stock. ABC Arbitrage SA acquired a new stake in Corporacion Inmobiliaria Vesta in the 1st quarter worth about $1,291,000. Anson Funds Management LP purchased a new position in shares of Corporacion Inmobiliaria Vesta in the 1st quarter worth about $1,251,000. Centersquare Investment Management LLC raised its holdings in shares of Corporacion 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 purchasing an additional 34,620 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of Corporacion Inmobiliaria Vesta in the 4th quarter worth about $490,000. Finally, Marshall Wace LLP raised its holdings in shares of Corporacion 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 purchasing an additional 18,682 shares during the period. Institutional investors and hedge funds own 6.61% of the company's stock.

Corporacion Inmobiliaria Vesta Trading Up 2.1%

The firm has a market capitalization of $23.84 billion, a PE ratio of 145.05, a P/E/G ratio of 4.32 and a beta of 0.68. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a fifty day moving average of $27.49 and a 200 day moving average of $25.88.

Corporacion 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.