Corporacion Inmobiliaria Vesta (NYSE:VTMX) Price Target Raised to $37.00 at Barclays

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) had its target price raised by equities research analysts at Barclays from $34.00 to $37.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's target price would suggest a potential upside of 36.57% from the company's current price.

VTMX has been the subject of a number of other reports. Scotiabank raised shares of Corporacion Inmobiliaria Vesta to a "strong-buy" rating in a research report on Sunday, April 13th. The Goldman Sachs Group reissued a "sell" rating and set a $21.00 price target (down previously from $31.00) on shares of Corporacion Inmobiliaria Vesta in a research report on Tuesday, March 25th.

Corporacion Inmobiliaria Vesta Trading Up 1.3%

Shares of VTMX traded up $0.35 during trading hours on Monday, hitting $27.09. The stock had a trading volume of 297,293 shares, compared to its average volume of 196,052. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $23.41 billion, a P/E ratio of 24.63, a P/E/G ratio of 4.34 and a beta of 0.76. The company's fifty day simple moving average is $27.82 and its 200 day simple moving average is $25.72. Corporacion Inmobiliaria Vesta has a 12-month low of $21.30 and a 12-month high of $32.84.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.33). The company had revenue of $60.60 million during the quarter, compared to analysts' expectations of $1.46 billion. Corporacion Inmobiliaria Vesta had a return on equity of 4.34% and a net margin of 43.85%. Equities research analysts forecast that Corporacion Inmobiliaria Vesta will post 2.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Centersquare Investment Management LLC boosted its holdings in shares of Corporacion Inmobiliaria Vesta by 8.5% in the 4th quarter. Centersquare Investment Management LLC now owns 442,212 shares of the company's stock valued at $11,321,000 after buying an additional 34,620 shares during the period. Marshall Wace LLP grew its position in shares of Corporacion Inmobiliaria Vesta by 12.5% during the fourth quarter. Marshall Wace LLP now owns 168,194 shares of the company's stock worth $4,306,000 after acquiring an additional 18,682 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of Corporacion Inmobiliaria Vesta during the fourth quarter worth about $490,000. ABC Arbitrage SA bought a new position in Corporacion Inmobiliaria Vesta in the 1st quarter worth about $1,291,000. Finally, Anson Funds Management LP bought a new stake in shares of Corporacion Inmobiliaria Vesta during the first quarter valued at about $1,251,000. Institutional investors and hedge funds own 6.61% of the company's stock.

About Corporacion Inmobiliaria Vesta

Corporación Inmobiliaria Vesta, SAB. de C.V., together with its subsidiaries, acquires, develops, manages, operates, and leases industrial buildings and distribution facilities in Mexico. The company was incorporated in 1998 and is headquartered in Mexico City, Mexico.