Centersquare Investment Management LLC Has $6.97 Million Stock Holdings in Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX)

Key Points

• Centersquare Investment Management LLC reduced its stock position in Corporacion Inmobiliaria Vesta by 30.9%, owning 305,752 shares after selling 136,460 shares in the first quarter, valued at approximately $6.97 million.
• Corporacion Inmobiliaria Vesta reported disappointing results, with $0.32 EPS for the quarter, missing estimates by ($0.18), and total revenue of $62.20 million compared to expectations of $1.43 billion.
• Several analysts have differing ratings on VTMX, with the average rating of "Moderate Buy" and a consensus target price of $31.67.

Centersquare Investment Management LLC decreased its holdings in shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Free Report) by 30.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 305,752 shares of the company's stock after selling 136,460 shares during the quarter. Centersquare Investment Management LLC's holdings in Corporacion Inmobiliaria Vesta were worth $6,974,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. BNP Paribas Financial Markets acquired a new position in Corporacion Inmobiliaria Vesta in the fourth quarter valued at about $490,000. Marshall Wace LLP grew its position in shares of Corporacion Inmobiliaria Vesta by 12.5% in the 4th 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 period. Finally, ABC Arbitrage SA bought a new stake in Corporacion Inmobiliaria Vesta during the 1st quarter worth approximately $1,291,000. 6.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on VTMX shares. Scotiabank raised Corporacion Inmobiliaria Vesta to a "strong-buy" rating in a research report on Sunday, April 13th. UBS Group decreased 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, July 18th. Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a "sell" rating to a "hold" rating in a research report on Sunday. Finally, Barclays raised their price target on Corporacion Inmobiliaria Vesta from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Corporacion Inmobiliaria Vesta has a consensus rating of "Moderate Buy" and an average target price of $31.67.

Corporacion Inmobiliaria Vesta Price Performance

NYSE:VTMX traded up $0.33 during mid-day trading on Thursday, reaching $28.61. The stock had a trading volume of 42,992 shares, compared to its average volume of 158,893. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 12 month low of $21.30 and a 12 month high of $30.73. The stock has a market capitalization of $24.72 billion, a PE ratio of 150.58, a P/E/G ratio of 4.59 and a beta of 0.69. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.82 and a quick ratio of 1.82. The stock has a 50-day simple moving average of $27.29 and a two-hundred day simple moving average of $26.08.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.32 EPS 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%. On average, equities 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.

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.