UBS Group Issues Pessimistic Forecast for Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock Price

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

Several other equities research analysts also recently issued reports on VTMX. Wall Street Zen upgraded shares of Corporacion Inmobiliaria Vesta from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Barclays raised their price objective on shares of Corporacion Inmobiliaria Vesta from $34.00 to $37.00 and gave the stock an "overweight" rating in a research report on Monday, June 23rd. Scotiabank upgraded shares of Corporacion Inmobiliaria Vesta to a "strong-buy" rating in a research report on Sunday, April 13th. Finally, The Goldman Sachs Group restated a "sell" rating and set a $21.00 price objective (down from $31.00) on shares of Corporacion Inmobiliaria Vesta in a research report on Tuesday, March 25th. 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 assigned a strong buy rating to the stock. According to MarketBeat, Corporacion Inmobiliaria Vesta currently has an average rating of "Moderate Buy" and a consensus price target of $31.33.

Corporacion Inmobiliaria Vesta Trading Up 0.6%

Shares of Corporacion Inmobiliaria Vesta stock traded up $0.15 on Friday, hitting $25.90. 107,664 shares of the company's stock traded hands, compared to its average volume of 196,237. The firm's 50-day moving average price is $27.74 and its two-hundred day moving average price is $25.82. The stock has a market capitalization of $22.38 billion, a PE ratio of 23.55, 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. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.13 and a quick ratio of 1.13.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $60.60 million during the quarter, compared to the consensus estimate of $1.46 billion. On average, research analysts expect that Corporacion Inmobiliaria Vesta will post 2.2 EPS for the current fiscal year.

Institutional Trading of Corporacion Inmobiliaria Vesta

Institutional investors have recently modified their holdings of the business. ABC Arbitrage SA acquired a new stake in shares of Corporacion Inmobiliaria Vesta in the 1st quarter worth about $1,291,000. Anson Funds Management LP bought a new stake in Corporacion Inmobiliaria Vesta in the 1st quarter worth about $1,251,000. Centersquare Investment Management LLC grew its position in Corporacion 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 in the last quarter. BNP Paribas Financial Markets bought a new stake in Corporacion Inmobiliaria Vesta in the 4th quarter worth about $490,000. Finally, Marshall Wace LLP grew its position in shares of Corporacion Inmobiliaria Vesta by 12.5% during the 4th 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. Institutional investors own 6.61% of the company's stock.

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.