Corporacion Inmobiliaria Vesta (NYSE:VTMX) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of Corporacion Inmobiliaria Vesta (NYSE:VTMX) from a hold rating to a strong sell rating in a research note released on Thursday,Zacks.com reports.

Several other equities analysts also recently issued reports on VTMX. Scotiabank downgraded shares of Corporacion Inmobiliaria Vesta from a “sector outperform” rating to a “hold” rating in a research note on Wednesday, December 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Wednesday, October 8th. Barclays increased their price objective on shares of Corporacion Inmobiliaria Vesta from $38.00 to $40.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. UBS Group increased their target price on Corporacion Inmobiliaria Vesta from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Finally, Wall Street Zen raised Corporacion Inmobiliaria Vesta from a “sell” rating to a “hold” rating in a research report on Sunday, October 26th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Corporacion Inmobiliaria Vesta has a consensus rating of “Reduce” and a consensus target price of $33.33.

Corporacion Inmobiliaria Vesta Stock Up 0.2%

Shares of NYSE:VTMX opened at $31.67 on Thursday. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $2.68 billion, a P/E ratio of 1,583.50, a P/E/G ratio of 4.10 and a beta of 0.70. Corporacion Inmobiliaria Vesta has a 52-week low of $21.30 and a 52-week high of $32.21. The stock’s fifty day simple moving average is $30.85 and its 200-day simple moving average is $28.64.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its earnings results on Thursday, October 23rd. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.21). The firm had revenue of $72.43 million during the quarter, compared to analyst estimates of $1.30 billion. Corporacion Inmobiliaria Vesta had a net margin of 1.83% and a return on equity of 0.19%. As a group, equities research analysts forecast that Corporacion Inmobiliaria Vesta will post 2.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VTMX. Centersquare Investment Management LLC grew its stake in shares of Corporacion Inmobiliaria Vesta by 4.9% in the third quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock valued at $10,357,000 after buying an additional 17,110 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in Corporacion Inmobiliaria Vesta by 6.6% in the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock worth $8,803,000 after acquiring an additional 19,967 shares during the period. ABC Arbitrage SA grew its position in Corporacion Inmobiliaria Vesta by 252.0% in the second quarter. ABC Arbitrage SA now owns 199,263 shares of the company’s stock valued at $5,458,000 after acquiring an additional 142,660 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Corporacion Inmobiliaria Vesta by 38.1% during the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock valued at $1,017,000 after purchasing an additional 10,236 shares during the period. 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.