ABC Arbitrage SA Purchases New Stake in Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX)

Key Points

• ABC Arbitrage SA has acquired a stake in Corporacion Inmobiliaria Vesta, purchasing 56,603 shares valued at approximately $1,291,000 during the first quarter.
• Marshall Wace LLP increased their holdings in the company by 12.5%, now owning a total of 168,194 shares worth $4,306,000.
• The company's latest earnings showed an EPS of $0.32, missing the analysts' estimate of $0.50, with revenue reported at $62.20 million, considerably below the anticipated $1.43 billion.

ABC Arbitrage SA bought a new position in shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 56,603 shares of the company's stock, valued at approximately $1,291,000.

Separately, BNP Paribas Financial Markets bought a new stake in shares of Corporacion Inmobiliaria Vesta in the fourth quarter valued at approximately $490,000. 6.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VTMX has been the subject of several research reports. Barclays increased their price objective 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. Scotiabank raised Corporacion Inmobiliaria Vesta to a "strong-buy" rating in a research report on Sunday, April 13th. UBS Group cut their target price on Corporacion Inmobiliaria Vesta from $38.00 to $36.00 and set a "buy" rating for the company in a research note on Friday, July 18th. Finally, Wall Street Zen upgraded Corporacion Inmobiliaria Vesta from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. One research 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 stock. According to MarketBeat, Corporacion Inmobiliaria Vesta has a consensus rating of "Moderate Buy" and an average price target of $31.67.

Corporacion Inmobiliaria Vesta Price Performance

Corporacion Inmobiliaria Vesta stock traded down $0.23 during mid-day trading on Friday, hitting $28.43. 44,240 shares of the company were exchanged, compared to its average volume of 156,717. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.35. The business has a fifty day moving average of $27.29 and a 200 day moving average of $26.12. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 1-year low of $21.30 and a 1-year high of $30.73. The company has a market capitalization of $24.56 billion, a PE ratio of 149.61, a price-to-earnings-growth ratio of 4.62 and a beta of 0.69.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.18). Corporacion Inmobiliaria Vesta had a return on equity of 1.24% and a net margin of 12.15%. The company had revenue of $62.20 million for the quarter, compared to analyst estimates of $1.43 billion. As a group, sell-side analysts expect that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.2 earnings per share for the current year.

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.