Corporacion Inmobiliaria Vesta (NYSE:VTMX) Shares Gap Down Following Weak 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 after the company announced weaker than expected quarterly earnings. 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.

The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.18). The firm had revenue of $62.20 million during 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%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on VTMX shares. UBS Group reduced their price objective on shares of Corporacion Inmobiliaria Vesta from $38.00 to $36.00 and set a "buy" rating on the stock in a report on Friday, July 18th. Barclays boosted their target price on Corporacion Inmobiliaria Vesta from $34.00 to $37.00 and gave the company an "overweight" rating in a report on Monday, June 23rd. Wall Street Zen cut Corporacion Inmobiliaria Vesta from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Scotiabank raised shares of Corporacion Inmobiliaria Vesta to a "strong-buy" rating in a report on Sunday, April 13th. Two analysts have rated the stock with a sell rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $31.33.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Marshall Wace LLP boosted its position in Corporacion Inmobiliaria Vesta by 12.5% in the fourth quarter. Marshall Wace LLP now owns 168,194 shares of the company's stock valued at $4,306,000 after buying an additional 18,682 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Corporacion Inmobiliaria Vesta in the 4th quarter valued at $490,000. Centersquare Investment Management LLC grew its position 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 valued at $11,321,000 after purchasing an additional 34,620 shares during the period. Anson Funds Management LP bought a new position in Corporacion Inmobiliaria Vesta during the 1st quarter worth about $1,251,000. Finally, ABC Arbitrage SA acquired a new stake in Corporacion Inmobiliaria Vesta in the 1st quarter valued at approximately $1,291,000. Institutional investors own 6.61% of the company's stock.

Corporacion Inmobiliaria Vesta Price Performance

The firm has a market cap of $23.44 billion, a price-to-earnings ratio of 142.80, a PEG ratio of 4.32 and a beta of 0.68. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.35. The company's fifty day moving average is $27.54 and its 200 day moving average is $25.85.

About Corporacion 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.