Wall Street Zen Upgrades Corporacion Inmobiliaria Vesta (NYSE:VTMX) to Hold

Wall Street Zen upgraded shares of Corporacion Inmobiliaria Vesta (NYSE:VTMX - Free Report) from a sell rating to a hold rating in a research report report published on Saturday.

VTMX has been the topic of a number of other reports. Scotiabank raised Corporacion Inmobiliaria Vesta to a "strong-buy" rating in a research note on Sunday, April 13th. The Goldman Sachs Group reiterated a "sell" rating and issued a $21.00 price target (down previously from $31.00) on shares of Corporacion Inmobiliaria Vesta in a research report on Tuesday, March 25th. Finally, Barclays lifted their price objective on Corporacion Inmobiliaria Vesta from $34.00 to $37.00 and gave the stock an "overweight" rating in a research note on Monday, June 23rd.

Corporacion Inmobiliaria Vesta Stock Performance

VTMX traded up $0.29 on Friday, hitting $25.43. The company had a trading volume of 58,203 shares, compared to its average volume of 194,447. Corporacion Inmobiliaria Vesta has a 1-year low of $21.30 and a 1-year high of $32.48. The stock has a market cap of $21.97 billion, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 4.21 and a beta of 0.68. The company's fifty day moving average price is $27.94 and its 200 day moving average price is $25.82. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.13 and a quick ratio of 1.13.

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

Institutional Trading of Corporacion Inmobiliaria Vesta

A number of institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace LLP grew its holdings in Corporacion Inmobiliaria Vesta by 12.5% during the fourth quarter. Marshall Wace LLP now owns 168,194 shares of the company's stock valued at $4,306,000 after purchasing an additional 18,682 shares during the period. BNP Paribas Financial Markets bought a new position in Corporacion Inmobiliaria Vesta during the fourth quarter valued at $490,000. Centersquare Investment Management LLC boosted its holdings in shares of Corporacion Inmobiliaria Vesta by 8.5% in the fourth quarter. Centersquare Investment Management LLC now owns 442,212 shares of the company's stock worth $11,321,000 after acquiring an additional 34,620 shares during the period. Anson Funds Management LP bought a new position in shares of Corporacion Inmobiliaria Vesta in the first quarter worth $1,251,000. Finally, ABC Arbitrage SA bought a new position in shares of Corporacion Inmobiliaria Vesta in the first quarter worth $1,291,000. 6.61% of the stock is owned by hedge funds and other institutional investors.

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.