Corporación Inmobiliaria Vesta Reports Quarterly Earnings Shortfall

Corporación Inmobiliaria Vesta (NYSE:VTMX) released its quarterly earnings report on Tuesday. The company announced earnings per share (EPS) of ($0.76) for the quarter. This figure fell short of analyst expectations, which had predicted an EPS of $0.34, resulting in a miss of $1.10. Despite the disappointing earnings, Corporación Inmobiliaria Vesta reported a net margin of 164.44% and a return on equity of 15.40%. Following this earnings disclosure, the company also updated its financial guidance for the fiscal year 2025.

Stock Performance of Corporación Inmobiliaria Vesta

During mid-day trading on Tuesday, shares of VTMX experienced a decline of $0.19, bringing the stock price to $26.73. The trading volume was 204,896 shares, surpassing the company's average volume of 171,261. The stock has a 50-day moving average of $25.57 and a two-hundred day moving average of $26.27. Corporación Inmobiliaria Vesta holds a market capitalization of $23.09 billion, a price-to-earnings (PE) ratio of 6.05, and a beta of 0.95. The company's debt-to-equity ratio stands at 0.31, with both its quick ratio and current ratio at 4.59. Over the past year, the stock has seen a low of $23.22 and a high of $41.44.

Analysts Adjust Price Targets

In a recent report, Barclays adjusted their target price for shares of Corporación Inmobiliaria Vesta, lowering it from $38.00 to $35.00, while maintaining an "overweight" rating for the company.

Company Profile

Corporación Inmobiliaria Vesta, SAB. de C.V., along with its subsidiaries, is involved in the acquisition, development, management, operation, and leasing of industrial buildings and distribution facilities throughout Mexico. The company was established in 1998 and is headquartered in Mexico City, Mexico.

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