Corporacion Inmobiliaria Vesta (NYSE:VTMX) Rating Increased to Hold at Wall Street Zen

Corporacion Inmobiliaria Vesta (NYSE:VTMX) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other brokerages have also recently weighed in on VTMX. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $21.00 price objective (down from $31.00) on shares of Corporacion Inmobiliaria Vesta in a report on Tuesday, March 25th. Barclays upped their price objective on shares of Corporacion Inmobiliaria Vesta from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, June 23rd. Finally, Scotiabank upgraded shares of Corporacion Inmobiliaria Vesta to a “strong-buy” rating in a research report on Sunday, April 13th.

Corporacion Inmobiliaria Vesta Price Performance

Shares of Corporacion Inmobiliaria Vesta stock opened at $25.82 on Friday. Corporacion Inmobiliaria Vesta has a twelve month low of $21.30 and a twelve month high of $32.84. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.32. The company has a 50-day simple moving average of $27.94 and a two-hundred day simple moving average of $25.83. The stock has a market capitalization of $22.31 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 4.23 and a beta of 0.68.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.33). Corporacion Inmobiliaria Vesta had a net margin of 43.85% and a return on equity of 4.34%. The business had revenue of $60.60 million during the quarter, compared to analyst estimates of $1.46 billion. Analysts forecast that Corporacion Inmobiliaria Vesta will post 2.2 EPS for the current year.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

A number of institutional investors have recently modified their holdings of VTMX. Centersquare Investment Management LLC raised its holdings in shares of Corporacion Inmobiliaria Vesta by 8.5% during the 4th quarter. Centersquare Investment Management LLC now owns 442,212 shares of the company’s stock worth $11,321,000 after buying an additional 34,620 shares in the last quarter. Marshall Wace LLP raised its stake in Corporacion Inmobiliaria Vesta by 12.5% during the fourth quarter. Marshall Wace LLP now owns 168,194 shares of the company’s stock worth $4,306,000 after acquiring an additional 18,682 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in Corporacion Inmobiliaria Vesta during the 4th quarter worth approximately $490,000. ABC Arbitrage SA acquired a new position in Corporacion Inmobiliaria Vesta during the 1st quarter worth approximately $1,291,000. Finally, Anson Funds Management LP acquired a new position in Corporacion Inmobiliaria Vesta during the 1st quarter worth approximately $1,251,000. Institutional investors and hedge funds own 6.61% of the company’s stock.

Corporacion 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.