UBS Group Lowers Corporacion Inmobiliaria Vesta (NYSE:VTMX) Price Target to $36.00

Corporacion Inmobiliaria Vesta (NYSE:VTMX) had its price objective cut by research analysts at UBS Group from $38.00 to $36.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective would indicate a potential upside of 38.99% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on VTMX. Barclays raised their price objective on Corporacion Inmobiliaria Vesta from $34.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday, June 23rd. Scotiabank raised Corporacion Inmobiliaria Vesta to a “strong-buy” rating in a research report on Sunday, April 13th. Wall Street Zen raised Corporacion Inmobiliaria Vesta from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $21.00 price target (down previously from $31.00) on shares of Corporacion Inmobiliaria Vesta in a report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Corporacion Inmobiliaria Vesta has a consensus rating of “Moderate Buy” and an average target price of $31.33.

Corporacion Inmobiliaria Vesta Stock Performance

VTMX stock opened at $25.90 on Friday. 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 business’s fifty day simple moving average is $27.74 and its two-hundred day simple moving average is $25.82. Corporacion Inmobiliaria Vesta has a twelve month low of $21.30 and a twelve month high of $31.38. The firm has a market cap of $22.38 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 4.20 and a beta of 0.68.

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

Institutional Trading of Corporacion Inmobiliaria Vesta

Large investors have recently made changes to their positions in the company. Anson Funds Management LP acquired a new position in Corporacion Inmobiliaria Vesta during the first quarter worth $1,251,000. ABC Arbitrage SA acquired a new position in Corporacion Inmobiliaria Vesta during the first quarter worth $1,291,000. BNP Paribas Financial Markets acquired a new position in Corporacion Inmobiliaria Vesta during the fourth quarter worth $490,000. Marshall Wace LLP boosted 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 buying an additional 18,682 shares during the last quarter. Finally, Centersquare Investment Management LLC boosted its stake in Corporacion Inmobiliaria Vesta by 8.5% during the fourth 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 during the last quarter. 6.61% of the stock is currently owned by hedge funds and other institutional investors.

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.