Corporación Inmobiliaria Vesta (NYSE:VTMX) Stock Price Down 6.1% Following Weak Earnings

Shares of Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX - Get Free Report) traded down 6.1% during mid-day trading on Wednesday following a dissappointing earnings announcement. The stock traded as low as $25.20 and last traded at $25.19. 127,318 shares changed hands during trading, a decline of 24% from the average session volume of 167,700 shares. The stock had previously closed at $26.82.

The company reported ($0.76) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($1.10). The business had revenue of $65.20 million for the quarter, compared to analysts' expectations of $66.43 million. Corporación Inmobiliaria Vesta had a return on equity of 8.52% and a net margin of 88.52%.

Analysts Set New Price Targets

Separately, Barclays dropped their target price on shares of Corporación Inmobiliaria Vesta from $38.00 to $35.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 27th.

Institutional Trading of Corporación Inmobiliaria Vesta

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new position in Corporación Inmobiliaria Vesta during the 4th quarter worth approximately $490,000. Marshall Wace LLP lifted its stake in Corporación 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 during the last quarter. Finally, Centersquare Investment Management LLC boosted its holdings in shares of Corporación Inmobiliaria Vesta by 8.5% in the fourth quarter. Centersquare Investment Management LLC now owns 442,212 shares of the company's stock valued at $11,321,000 after acquiring an additional 34,620 shares during the period. Institutional investors and hedge funds own 6.61% of the company's stock.

Corporación Inmobiliaria Vesta Trading Down 1.7 %

The business's 50-day moving average price is $25.59 and its 200-day moving average price is $26.24. The firm has a market capitalization of $21.13 billion, a PE ratio of 10.45 and a beta of 0.95. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.68 and a quick ratio of 4.59.

Corporación 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.