Corporacion Inmobiliaria Vesta (NYSE:VTMX) Raised to "Hold" at Wall Street Zen

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

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

Corporacion Inmobiliaria Vesta Trading Down 1.0%

Corporacion Inmobiliaria Vesta stock traded down $0.25 during mid-day trading on Friday, hitting $25.82. 451,212 shares of the company's stock were exchanged, compared to its average volume of 195,328. The firm has a market capitalization of $22.31 billion, a P/E ratio of 23.47, a PEG ratio of 4.21 and a beta of 0.68. Corporacion Inmobiliaria Vesta has a fifty-two week low of $21.30 and a fifty-two week high of $32.48. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.32. The company's 50 day simple moving average is $27.94 and its 200-day simple moving average is $25.83.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.17 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $1.46 billion. On average, equities analysts anticipate that Corporacion Inmobiliaria Vesta will post 2.2 earnings per share for the current year.

Institutional Trading of Corporacion Inmobiliaria Vesta

A number of hedge funds and other institutional investors have recently modified their holdings of VTMX. ABC Arbitrage SA acquired a new stake in shares of Corporacion Inmobiliaria Vesta in the first quarter valued at about $1,291,000. Anson Funds Management LP acquired a new position in Corporacion Inmobiliaria Vesta during the first quarter worth approximately $1,251,000. Centersquare Investment Management LLC increased its position in Corporacion Inmobiliaria Vesta by 8.5% during the fourth quarter. Centersquare Investment Management LLC now owns 442,212 shares of the company's stock worth $11,321,000 after buying an additional 34,620 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in Corporacion Inmobiliaria Vesta during the fourth quarter worth approximately $490,000. Finally, Marshall Wace LLP increased its position in 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 buying an additional 18,682 shares during the last quarter. Institutional investors and hedge funds own 6.61% of the company's stock.

Corporacion Inmobiliaria Vesta Company Profile

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.