Corporacion Inmobiliaria Vesta (NYSE:VTMX) Sees Unusually-High Trading Volume - Should You Buy?

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 427,466 shares changed hands during mid-day trading, an increase of 118% from the previous session's volume of 195,680 shares.The stock last traded at $26.15 and had previously closed at $25.37.

Wall Street Analyst Weigh In

VTMX has been the subject of a number of research reports. Barclays lifted their price target on shares of Corporacion Inmobiliaria Vesta from $34.00 to $37.00 and gave the company an "overweight" rating in a research report on Monday, June 23rd. Scotiabank raised shares of Corporacion Inmobiliaria Vesta to a "strong-buy" rating in a research note on Sunday, April 13th. UBS Group lowered their target price on shares of Corporacion Inmobiliaria Vesta from $38.00 to $36.00 and set a "buy" rating for the company in a research note on Friday. The Goldman Sachs Group reissued a "sell" rating and set a $21.00 price objective (down from $31.00) on shares of Corporacion Inmobiliaria Vesta in a research note on Tuesday, March 25th. Finally, Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $31.33.

Corporacion Inmobiliaria Vesta Trading Up 0.6%

The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.32. The stock has a market cap of $22.38 billion, a P/E ratio of 23.55, a PEG ratio of 4.20 and a beta of 0.68. The firm's 50-day simple moving average is $27.74 and its 200 day simple moving average is $25.82.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.33). The business had revenue of $60.60 million for the quarter, compared to analyst estimates of $1.46 billion. Corporacion Inmobiliaria Vesta had a net margin of 43.85% and a return on equity of 4.34%. As a group, equities research analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.2 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. ABC Arbitrage SA bought a new stake in Corporacion Inmobiliaria Vesta in the 1st quarter valued at $1,291,000. Anson Funds Management LP bought a new stake in Corporacion Inmobiliaria Vesta in the 1st quarter valued at $1,251,000. Centersquare Investment Management LLC boosted its holdings in 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 purchasing an additional 34,620 shares during the period. BNP Paribas Financial Markets bought a new position in shares of Corporacion Inmobiliaria Vesta during the 4th quarter worth about $490,000. Finally, Marshall Wace LLP lifted its holdings in shares of Corporacion Inmobiliaria Vesta by 12.5% during the 4th 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 period. 6.61% of the stock is currently owned by institutional investors and hedge funds.

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.