Lazard Asset Management LLC Sells 131,728 Shares of Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX)

Lazard Asset Management LLC cut its holdings in shares of Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX - Free Report) by 35.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 242,626 shares of the company's stock after selling 131,728 shares during the quarter. Lazard Asset Management LLC's holdings in Corporación Inmobiliaria Vesta were worth $6,210,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new stake in shares of Corporación Inmobiliaria Vesta during the fourth quarter worth $490,000. Marshall Wace LLP increased its position in Corporación Inmobiliaria Vesta by 12.5% in the 4th 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 last quarter. Finally, Centersquare Investment Management LLC increased its position in Corporación Inmobiliaria Vesta by 8.5% in the 4th quarter. Centersquare Investment Management LLC now owns 442,212 shares of the company's stock worth $11,321,000 after purchasing an additional 34,620 shares during the last quarter. Hedge funds and other institutional investors own 6.61% of the company's stock.

Corporación Inmobiliaria Vesta Stock Down 0.0%

Shares of VTMX traded down $0.01 during trading hours on Wednesday, hitting $29.58. 35,800 shares of the company were exchanged, compared to its average volume of 199,603. The company has a debt-to-equity ratio of 0.31, a quick ratio of 4.59 and a current ratio of 2.68. The company has a market cap of $25.55 billion, a PE ratio of 12.64 and a beta of 0.74. The firm's 50 day moving average is $25.11 and its 200-day moving average is $25.11. Corporación Inmobiliaria Vesta, S.A.B. de C.V. has a 52 week low of $21.30 and a 52 week high of $37.92.

Corporación Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.33). Corporación Inmobiliaria Vesta had a return on equity of 8.52% and a net margin of 88.52%. The company had revenue of $60.60 million during the quarter, compared to analyst estimates of $1.46 billion. On average, equities research analysts forecast that Corporación Inmobiliaria Vesta, S.A.B. de C.V. will post 2.2 EPS for the current fiscal year.

Analyst Ratings Changes

VTMX has been the topic of several recent research reports. Scotiabank raised shares of Corporación Inmobiliaria Vesta to a "strong-buy" rating in a research report on Sunday, April 13th. Barclays dropped their price target on shares of Corporación Inmobiliaria Vesta from $35.00 to $34.00 and set an "overweight" rating on the stock in a research note on Thursday, March 6th. Finally, The Goldman Sachs Group reaffirmed a "sell" rating and issued a $21.00 price objective (down previously from $31.00) on shares of Corporación Inmobiliaria Vesta in a research note on Tuesday, March 25th.

Corporación 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.