Corporacion Inmobiliaria Vesta (NYSE:VTMX) Announces Earnings Results

Corporacion Inmobiliaria Vesta (NYSE:VTMX) announced its quarterly earnings results on Thursday. The company reported $999.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $998.58, Zacks reports. Corporacion Inmobiliaria Vesta had a return on equity of 9.33% and a net margin of 85.41%.

Corporacion Inmobiliaria Vesta Price Performance

Shares of VTMX traded down $0.06 during trading hours on Thursday, hitting $35.47. 25,566 shares of the stock were exchanged, compared to its average volume of 69,507. The stock’s 50-day moving average price is $34.16 and its two-hundred day moving average price is $31.73. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 4.74 and a beta of 0.67. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.84 and a current ratio of 4.84. Corporacion Inmobiliaria Vesta has a 12-month low of $24.37 and a 12-month high of $37.41.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

An institutional investor recently raised its position in Corporacion Inmobiliaria Vesta stock. BNP Paribas Financial Markets boosted its stake in shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) by 38.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,116 shares of the company’s stock after buying an additional 10,236 shares during the period. BNP Paribas Financial Markets’ holdings in Corporacion Inmobiliaria Vesta were worth $1,017,000 at the end of the most recent quarter. 6.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VTMX. Zacks Research upgraded Corporacion Inmobiliaria Vesta from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Weiss Ratings upgraded Corporacion Inmobiliaria Vesta from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, February 24th. Finally, Wall Street Zen upgraded Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Corporacion Inmobiliaria Vesta has an average rating of “Hold” and a consensus price target 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.