Corporacion Inmobiliaria Vesta (NYSE:VTMX) Price Target Lowered to $36.00 at UBS Group

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Free Report) had its price objective decreased by UBS Group from $38.00 to $36.00 in a research note released on Friday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the company. Scotiabank raised Corporacion Inmobiliaria Vesta to a "strong-buy" rating in a research report on Sunday, April 13th. Barclays upped their price objective on Corporacion Inmobiliaria Vesta from $34.00 to $37.00 and gave the company an "overweight" rating in a research note on Monday, June 23rd. The Goldman Sachs Group reissued a "sell" rating and issued a $21.00 target price (down from $31.00) on shares of Corporacion Inmobiliaria Vesta in a report on Tuesday, March 25th. Finally, Wall Street Zen raised Corporacion Inmobiliaria Vesta from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.33.

Corporacion Inmobiliaria Vesta Stock Performance

Corporacion Inmobiliaria Vesta stock traded down $0.10 during mid-day trading on Friday, hitting $25.58. 84,431 shares of the company's stock traded hands, compared to its average volume of 195,687. The firm has a 50 day moving average price of $27.74 and a 200 day moving average price of $25.82. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.32. The company has a market cap of $22.10 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 4.20 and a beta of 0.68. Corporacion Inmobiliaria Vesta has a one year low of $21.30 and a one year high of $31.38.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last announced 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). Corporacion Inmobiliaria Vesta had a net margin of 43.85% and a return on equity of 4.34%. The business had revenue of $60.60 million for the quarter, compared to the consensus estimate of $1.46 billion. On average, equities analysts forecast that Corporacion Inmobiliaria Vesta will post 2.2 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VTMX. BNP Paribas Financial Markets purchased a new position in shares of Corporacion Inmobiliaria Vesta in the fourth quarter valued at about $490,000. Anson Funds Management LP purchased a new position in shares of Corporacion Inmobiliaria Vesta in the first quarter valued at about $1,251,000. ABC Arbitrage SA purchased a new position in shares of Corporacion Inmobiliaria Vesta in the first quarter valued at about $1,291,000. Marshall Wace LLP increased its position in shares of 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 acquiring an additional 18,682 shares during the period. Finally, Centersquare Investment Management LLC increased its position in shares of Corporacion Inmobiliaria Vesta by 8.5% in the fourth quarter. Centersquare Investment Management LLC now owns 442,212 shares of the company's stock valued at $11,321,000 after acquiring an additional 34,620 shares during the period. 6.61% of the stock is owned by institutional investors.

Corporacion Inmobiliaria Vesta Company 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.