Corporacion Inmobiliaria Vesta (NYSE:VTMX) Sees Large Volume Increase - Should You Buy?

Shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 427,466 shares were traded 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.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on VTMX shares. The Goldman Sachs Group reiterated a "sell" rating and issued a $21.00 target price (down previously from $31.00) on shares of Corporacion Inmobiliaria Vesta in a research report on Tuesday, March 25th. Scotiabank upgraded shares of Corporacion Inmobiliaria Vesta to a "strong-buy" rating in a research report on Sunday, April 13th. Barclays raised their price objective 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. Finally, Wall Street Zen upgraded shares of Corporacion Inmobiliaria Vesta from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th.

Corporacion Inmobiliaria Vesta Stock Performance

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 company's 50-day moving average price is $27.81 and its two-hundred day moving average price is $25.82. The company has a market cap of $22.31 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 4.12 and a beta of 0.68.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.33). Corporacion Inmobiliaria Vesta had a net margin of 43.85% and a return on equity of 4.34%. The business had revenue of $60.60 million for the quarter, compared to the consensus estimate of $1.46 billion. As a group, equities analysts forecast 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

Several hedge funds and other institutional investors have recently made changes to their positions in VTMX. BNP Paribas Financial Markets acquired a new stake in shares of Corporacion Inmobiliaria Vesta during the fourth quarter valued at approximately $490,000. Marshall Wace LLP raised its holdings 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 valued at $4,306,000 after acquiring an additional 18,682 shares during the period. Centersquare Investment Management LLC raised its holdings in shares of Corporacion Inmobiliaria Vesta by 8.5% during the fourth quarter. Centersquare Investment Management LLC now owns 442,212 shares of the company's stock valued at $11,321,000 after acquiring an additional 34,620 shares during the period. Anson Funds Management LP purchased a new stake in shares of Corporacion Inmobiliaria Vesta in the first quarter worth approximately $1,251,000. Finally, ABC Arbitrage SA purchased a new stake in shares of Corporacion Inmobiliaria Vesta in the first quarter worth approximately $1,291,000. 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.