Barclays Increases Corporacion Inmobiliaria Vesta (NYSE:VTMX) Price Target to $41.00

Key Points

• Barclays raised its price target on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and maintained an "overweight" rating, implying roughly a 14.97% upside from the prior close.
• The company topped expectations with quarterly EPS of $1.25 (vs. $0.40 estimate) and revenue of $76.7M (vs. $73.32M), backed by very strong margins.
• Analyst coverage remains mixed—two Buys and three Holds—giving a consensus rating of Hold and an average price target of $40.00, below Barclays' new target.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) had its price objective hoisted by Barclays from $40.00 to $41.00 in a report released on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price objective would indicate a potential upside of 14.97% from the company's previous close.

A number of other analysts also recently weighed in on the stock. Zacks Research raised shares of Corporacion Inmobiliaria Vesta from a "strong sell" rating to a "hold" rating in a research report on Monday, March 9th. Weiss Ratings raised shares of Corporacion Inmobiliaria Vesta from a "sell (d+)" rating to a "hold (c)" rating in a research report on Tuesday, February 24th. Finally, Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a "hold" rating to a "buy" rating in a research report on Saturday, March 28th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $40.00.

Corporacion Inmobiliaria Vesta Trading Up 0.7%

Corporacion Inmobiliaria Vesta stock traded up $0.24 during mid-day trading on Monday, reaching $35.66. 11,232 shares of the company traded hands, compared to its average volume of 68,589. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.66 and a quick ratio of 5.66. The firm's 50 day moving average price is $34.39 and its 200 day moving average price is $32.17. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 9.21, a P/E/G ratio of 4.74 and a beta of 0.67. Corporacion Inmobiliaria Vesta has a 52-week low of $24.99 and a 52-week high of $37.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.85. The business had revenue of $76.70 million for the quarter, compared to the consensus estimate of $73.32 million. Corporacion Inmobiliaria Vesta had a net margin of 111.99% and a return on equity of 12.23%. On average, analysts anticipate that Corporacion Inmobiliaria Vesta will post 1.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

A number of hedge funds have recently bought and sold shares of VTMX. BNP Paribas Financial Markets boosted its stake in Corporacion Inmobiliaria Vesta by 38.1% in the 2nd 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 stake in 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 lifted its stake 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 valued at $8,803,000 after acquiring an additional 19,967 shares during the period. Finally, Centersquare Investment Management LLC lifted 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 valued at $10,357,000 after acquiring 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.