Corporacion Inmobiliaria Vesta (NYSE:VTMX) Issues Quarterly Earnings Results

Corporacion Inmobiliaria Vesta (NYSE:VTMX) issued its quarterly earnings results on Thursday. The company reported $999.00 earnings per share for the quarter, topping the consensus estimate 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 Stock Performance

Shares of Corporacion Inmobiliaria Vesta stock traded down $0.06 on Thursday, reaching $35.47. 25,566 shares of the stock were exchanged, compared to its average volume of 69,507. The company has a quick ratio of 4.84, a current ratio of 4.84 and a debt-to-equity ratio of 0.46. Corporacion Inmobiliaria Vesta has a twelve month low of $24.37 and a twelve month high of $37.41. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 4.74 and a beta of 0.67. The business has a 50 day moving average price of $34.16 and a two-hundred day moving average price of $31.73.

Wall Street Analysts Forecast Growth

VTMX has been the subject of several recent analyst reports. Weiss Ratings raised Corporacion Inmobiliaria Vesta from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, February 24th. Zacks Research raised Corporacion Inmobiliaria Vesta from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Finally, Wall Street Zen raised 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $39.50.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

An institutional investor recently raised its position in Corporacion Inmobiliaria Vesta stock. Lazard Asset Management LLC raised its stake in Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) by 6.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 321,442 shares of the company’s stock after acquiring an additional 19,967 shares during the quarter. Lazard Asset Management LLC’s holdings in Corporacion Inmobiliaria Vesta were worth $8,803,000 at the end of the most recent reporting period. 6.61% of the stock is currently owned by institutional investors and hedge funds.

About Corporacion Inmobiliaria Vesta

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.