Centersquare Investment Management LLC Lowers Position 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 lowered its position in Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Free Report) by 30.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 305,752 shares of the company's stock after selling 136,460 shares during the period. Centersquare Investment Management LLC's holdings in Corporacion Inmobiliaria Vesta were worth $6,974,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Marshall Wace LLP lifted its position in Corporacion Inmobiliaria Vesta by 12.5% in the fourth quarter. Marshall Wace LLP now owns 168,194 shares of the company's stock worth $4,306,000 after purchasing an additional 18,682 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Corporacion Inmobiliaria Vesta in the fourth quarter valued at $490,000. Finally, ABC Arbitrage SA acquired a new stake in shares of Corporacion Inmobiliaria Vesta in the first quarter valued at $1,291,000. Institutional investors and hedge funds own 6.61% of the company's stock.

Corporacion Inmobiliaria Vesta Trading Down 0.8%

Shares of VTMX stock traded down $0.23 during mid-day trading on Friday, reaching $28.43. 44,240 shares of the stock traded hands, compared to its average volume of 156,717. The stock's fifty day simple moving average is $27.29 and its two-hundred day simple moving average is $26.12. 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 company has a market cap of $24.56 billion, a price-to-earnings ratio of 149.61, a price-to-earnings-growth ratio of 4.62 and a beta of 0.69. 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.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last issued its 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). Corporacion Inmobiliaria Vesta had a return on equity of 1.24% and a net margin of 12.15%. The firm had revenue of $62.20 million for the quarter, compared to analyst estimates of $1.43 billion. On average, research analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on VTMX shares. Scotiabank upgraded Corporacion Inmobiliaria Vesta to a "strong-buy" rating in a research report on Sunday, April 13th. Wall Street Zen upgraded Corporacion Inmobiliaria Vesta from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Barclays upped their price target on Corporacion Inmobiliaria Vesta from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Finally, UBS Group cut their price objective on Corporacion Inmobiliaria Vesta from $38.00 to $36.00 and set a "buy" rating for the company in a report on Friday, July 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Corporacion Inmobiliaria Vesta currently has an average rating of "Moderate Buy" and an average target price of $31.67.

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.