Corporacion Inmobiliaria Vesta (NYSE:VTMX) Posts Quarterly Earnings Results, Beats Expectations By $0.85 EPS

Corporacion Inmobiliaria Vesta (NYSE:VTMX) announced its earnings results on Thursday. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.85, Zacks reports. The firm had revenue of $76.70 million for the quarter, compared to analysts’ expectations of $73.32 million. Corporacion Inmobiliaria Vesta had a net margin of 85.41% and a return on equity of 9.33%.

Corporacion Inmobiliaria Vesta Stock Performance

Shares of NYSE:VTMX opened at $35.47 on Friday. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 4.75 and a beta of 0.67. Corporacion Inmobiliaria Vesta has a 12 month low of $24.37 and a 12 month high of $37.41. The firm’s 50-day moving average is $34.21 and its 200 day moving average is $31.76. The company has a current ratio of 4.84, a quick ratio of 4.84 and a debt-to-equity ratio of 0.46.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on VTMX shares. Zacks Research upgraded shares of Corporacion Inmobiliaria Vesta from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Weiss Ratings upgraded shares of Corporacion Inmobiliaria Vesta from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, February 24th. Finally, Wall Street Zen upgraded shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Corporacion Inmobiliaria Vesta presently has a consensus rating of “Hold” and a consensus target price of $39.50.

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 position in shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) by 38.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,116 shares of the company’s stock after purchasing an additional 10,236 shares during the period. BNP Paribas Financial Markets’ holdings in Corporacion Inmobiliaria Vesta were worth $1,017,000 as of its most recent SEC filing. Institutional investors and hedge funds own 6.61% of the company’s stock.

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.