Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Receives Consensus Rating of “Reduce” from Analysts

Shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) have earned an average rating of “Reduce” from the six analysts that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $33.3333.

Several equities research analysts have weighed in on the company. Barclays increased their target price on Corporacion Inmobiliaria Vesta from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Wall Street Zen upgraded Corporacion Inmobiliaria Vesta from a “sell” rating to a “hold” rating in a research report on Sunday, October 26th. Weiss Ratings restated a “sell (d+)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Wednesday, October 8th. UBS Group lifted their target price on Corporacion Inmobiliaria Vesta from $35.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Finally, Zacks Research downgraded shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 8th.

Corporacion Inmobiliaria Vesta Price Performance

Shares of NYSE VTMX opened at $32.07 on Friday. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.50. Corporacion Inmobiliaria Vesta has a twelve month low of $21.30 and a twelve month high of $32.51. The business has a 50 day simple moving average of $31.00 and a 200-day simple moving average of $28.77. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 1,603.25, a price-to-earnings-growth ratio of 4.15 and a beta of 0.70.

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

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

A number of hedge funds have recently modified their holdings of the stock. Centersquare Investment Management LLC raised its position in Corporacion Inmobiliaria Vesta by 4.9% during the third quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock valued at $10,357,000 after acquiring an additional 17,110 shares in the last quarter. Lazard Asset Management LLC lifted its position in Corporacion Inmobiliaria Vesta by 6.6% during 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 last quarter. ABC Arbitrage SA boosted its stake in Corporacion Inmobiliaria Vesta by 252.0% during the 2nd quarter. ABC Arbitrage SA now owns 199,263 shares of the company’s stock valued at $5,458,000 after purchasing an additional 142,660 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of Corporacion Inmobiliaria Vesta by 38.1% in the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock worth $1,017,000 after acquiring an additional 10,236 shares during the last quarter. 6.61% of the stock is 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.