Corporacion Inmobiliaria Vesta (NYSE:VTMX) Upgraded by Wall Street Zen to “Buy” Rating

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

Other analysts have also recently issued research reports about the stock. Zacks Research cut shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 8th. Scotiabank lowered shares of Corporacion Inmobiliaria Vesta from a “sector outperform” rating to a “hold” rating in a report on Wednesday, December 10th. Weiss Ratings reissued a “sell (d+)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Wednesday, January 21st. UBS Group upped their price objective 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, Barclays lifted their target price on Corporacion Inmobiliaria Vesta from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $33.33.

Corporacion Inmobiliaria Vesta Trading Up 6.9%

VTMX opened at $35.98 on Friday. Corporacion Inmobiliaria Vesta has a 52 week low of $21.30 and a 52 week high of $36.22. 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 business has a fifty day simple moving average of $31.87 and a 200-day simple moving average of $29.82. The firm has a market cap of $3.04 billion, a P/E ratio of 12.90 and a beta of 0.70.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings data on Thursday, February 19th. The company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $1.21. Corporacion Inmobiliaria Vesta had a return on equity of 9.52% and a net margin of 85.41%.The firm had revenue of $76.40 million for the quarter, compared to the consensus estimate of $1.29 billion. On average, equities analysts expect that Corporacion Inmobiliaria Vesta will post 2.2 earnings per share for the current year.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

Several institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its stake in Corporacion Inmobiliaria Vesta by 38.1% in 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 last quarter. ABC Arbitrage SA boosted its holdings in shares of Corporacion Inmobiliaria Vesta by 148.8% in the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock valued at $4,401,000 after buying an additional 86,328 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of Corporacion Inmobiliaria Vesta by 6.6% in the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock valued at $8,803,000 after buying an additional 19,967 shares during the last quarter. Finally, Centersquare Investment Management LLC raised its stake in Corporacion Inmobiliaria Vesta by 4.9% during the 3rd quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock worth $10,357,000 after acquiring an additional 17,110 shares in the last quarter. Hedge funds and other institutional investors own 6.61% of the company’s stock.

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.