Corporación Inmobiliaria Vesta (NYSE:VTMX) Shares Down 5.2% - Here's What Happened

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX - Get Free Report)'s stock price fell 5.2% during mid-day trading on Wednesday . The stock traded as low as $22.73 and last traded at $22.71. 115,190 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 173,799 shares. The stock had previously closed at $23.96.

Wall Street Analysts Forecast Growth

Separately, Barclays reduced their target price on Corporación Inmobiliaria Vesta from $35.00 to $34.00 and set an "overweight" rating for the company in a report on Thursday, March 6th.

Corporación Inmobiliaria Vesta Stock Up 2.4 %

The company has a debt-to-equity ratio of 0.31, a current ratio of 2.68 and a quick ratio of 4.59. The company has a market capitalization of $20.14 billion, a price-to-earnings ratio of 9.96 and a beta of 1.04. The firm's 50-day simple moving average is $24.95 and its two-hundred day simple moving average is $25.61.

Corporación Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported ($0.76) earnings per share 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 analysts' expectations of $66.43 million. Corporación Inmobiliaria Vesta had a net margin of 88.52% and a return on equity of 8.52%. Sell-side analysts predict that Corporación Inmobiliaria Vesta, S.A.B. de C.V. will post 2.2 EPS for the current fiscal year.

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Institutional Investors Weigh In On Corporación Inmobiliaria Vesta

Several institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets purchased a new position in Corporación Inmobiliaria Vesta during the 4th quarter valued at about $490,000. Marshall Wace LLP increased its stake in shares of Corporación Inmobiliaria Vesta by 12.5% during 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 in the last quarter. Finally, Centersquare Investment Management LLC increased its stake in shares of Corporación Inmobiliaria Vesta by 8.5% during 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 in the last quarter. 6.61% of the stock is currently owned by hedge funds and other institutional investors.

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.