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

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

VTMX has been the subject of a number of other reports. UBS Group increased their price objective on Corporacion Inmobiliaria Vesta from $35.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Zacks Research upgraded Corporacion Inmobiliaria Vesta from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Weiss Ratings raised Corporacion Inmobiliaria Vesta from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, February 24th. Finally, Scotiabank lowered Corporacion Inmobiliaria Vesta from a “sector outperform” rating to a “hold” rating in a research note on Wednesday, December 10th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Corporacion Inmobiliaria Vesta currently has an average rating of “Hold” and an average price target of $39.50.

Corporacion Inmobiliaria Vesta Stock Up 0.8%

NYSE:VTMX opened at $32.70 on Friday. Corporacion Inmobiliaria Vesta has a one year low of $21.30 and a one year high of $37.41. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.84 and a quick ratio of 4.84. The company has a market cap of $2.77 billion, a PE ratio of 11.72 and a beta of 0.57. The firm’s 50 day simple moving average is $33.11 and its 200 day simple moving average is $30.78.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings results on Saturday, February 14th. The company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $1.21. The firm had revenue of $76.40 million during the quarter, compared to analysts’ expectations of $1.29 billion. Corporacion Inmobiliaria Vesta had a net margin of 85.41% and a return on equity of 9.33%. On average, research analysts anticipate 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 and hedge funds have recently made changes to their positions in VTMX. BNP Paribas Financial Markets increased its holdings 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 worth $1,017,000 after purchasing an additional 10,236 shares in the last quarter. ABC Arbitrage SA lifted its position in shares of Corporacion Inmobiliaria Vesta by 148.8% during the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock valued at $4,401,000 after acquiring an additional 86,328 shares during the period. Lazard Asset Management LLC boosted its stake in Corporacion Inmobiliaria Vesta by 6.6% during the second 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 in the last quarter. Finally, Centersquare Investment Management LLC grew its holdings in Corporacion Inmobiliaria Vesta by 4.9% in the third quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock worth $10,357,000 after purchasing an additional 17,110 shares during the period. 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.