Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

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Shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) have earned an average rating of "Moderate Buy" from the five research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $31.6667.

VTMX has been the subject of a number of research reports. Barclays boosted their price target on Corporacion Inmobiliaria Vesta from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. UBS Group lowered their price target on Corporacion Inmobiliaria Vesta from $38.00 to $36.00 and set a "buy" rating for the company in a research report on Friday, July 18th. Wall Street Zen raised Corporacion Inmobiliaria Vesta from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Finally, Zacks Research raised Corporacion Inmobiliaria Vesta from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 14th.

Corporacion Inmobiliaria Vesta Stock Performance

NYSE VTMX opened at $28.44 on Tuesday. Corporacion Inmobiliaria Vesta has a fifty-two week low of $21.30 and a fifty-two week high of $30.09. The stock has a market cap of $24.57 billion, a price-to-earnings ratio of 149.68, a price-to-earnings-growth ratio of 4.63 and a beta of 0.69. The business has a fifty day moving average of $27.28 and a 200-day moving average of $26.23. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.35.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.18). The company had revenue of $62.20 million during the quarter, compared to analyst estimates of $1.43 billion. Corporacion Inmobiliaria Vesta had a return on equity of 1.24% and a net margin of 12.15%. As a group, analysts predict that Corporacion Inmobiliaria Vesta will post 2.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VTMX. BNP Paribas Financial Markets bought a new position in Corporacion Inmobiliaria Vesta during the 4th quarter valued at $490,000. Anson Funds Management LP bought a new stake in shares of Corporacion Inmobiliaria Vesta during the 1st quarter worth $1,251,000. ABC Arbitrage SA bought a new stake in shares of Corporacion Inmobiliaria Vesta during the 1st quarter worth $1,291,000. Marshall Wace LLP boosted its stake 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 in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of Corporacion Inmobiliaria Vesta by 6.6% during the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company's stock worth $8,803,000 after acquiring an additional 19,967 shares in the last quarter. 6.61% of the stock is owned by 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.

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