56,603 Shares in Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Bought by ABC Arbitrage SA

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) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 56,603 shares of the company's stock, valued at approximately $1,291,000.

Separately, Marshall Wace LLP increased its stake in Corporacion Inmobiliaria Vesta by 12.5% in the fourth quarter. Marshall Wace LLP now owns 168,194 shares of the company's stock valued at $4,306,000 after purchasing an additional 18,682 shares during the last quarter. Hedge funds and other institutional investors own 6.61% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VTMX. Scotiabank upgraded shares of Corporacion Inmobiliaria Vesta to a "strong-buy" rating in a research report on Sunday, April 13th. UBS Group reduced their price target on shares of 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. Barclays raised their price objective on Corporacion Inmobiliaria Vesta from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Finally, Wall Street Zen raised Corporacion Inmobiliaria Vesta from a "sell" rating to a "hold" rating in a report on Sunday. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $31.67.

Corporacion Inmobiliaria Vesta Stock Performance

NYSE:VTMX traded up $0.33 during trading hours on Thursday, reaching $28.61. 42,992 shares of the company's stock were exchanged, compared to its average volume of 158,893. 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 quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $24.72 billion, a price-to-earnings ratio of 150.58, a P/E/G ratio of 4.59 and a beta of 0.69. The company has a 50-day moving average of $27.29 and a 200 day moving average of $26.08.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.18). The business had revenue of $62.20 million for 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%. Research analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.2 EPS for the current year.

Corporacion Inmobiliaria Vesta 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.