Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock Rating Lowered by Wall Street Zen

Corporacion Inmobiliaria Vesta (NYSE:VTMX) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Other analysts have also issued reports about the stock. UBS Group increased their target price on shares of Corporacion Inmobiliaria Vesta from $35.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. Weiss Ratings raised Corporacion Inmobiliaria Vesta from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, February 24th. Zacks Research downgraded Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 8th. Barclays raised their price objective on Corporacion Inmobiliaria Vesta from $38.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Finally, Scotiabank downgraded Corporacion Inmobiliaria Vesta from a “sector outperform” rating to a “hold” rating in a report on Wednesday, December 10th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $33.33.

Corporacion Inmobiliaria Vesta Price Performance

Shares of Corporacion Inmobiliaria Vesta stock opened at $33.12 on Friday. Corporacion Inmobiliaria Vesta has a 52 week low of $21.30 and a 52 week high of $37.41. The company has a current ratio of 4.84, a quick ratio of 2.97 and a debt-to-equity ratio of 0.46. The stock has a market cap of $2.80 billion, a PE ratio of 11.87 and a beta of 0.57. The company’s 50-day moving average price is $32.72 and its two-hundred day moving average price is $30.29.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings data on Thursday, February 19th. The company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $0.80 by $1.21. The company had revenue of $76.40 million during the quarter, compared to analyst estimates of $1.29 billion. Corporacion Inmobiliaria Vesta had a net margin of 85.41% and a return on equity of 9.33%. As a group, sell-side analysts anticipate that Corporacion Inmobiliaria Vesta will post 2.2 EPS for the current fiscal year.

Institutional Trading of Corporacion Inmobiliaria Vesta

Several institutional investors have recently made changes to their positions in VTMX. BNP Paribas Financial Markets grew its position in Corporacion Inmobiliaria Vesta by 38.1% during the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock valued at $1,017,000 after purchasing an additional 10,236 shares in the last quarter. ABC Arbitrage SA boosted its stake in shares of Corporacion Inmobiliaria Vesta by 148.8% during the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock valued at $4,401,000 after buying an additional 86,328 shares during the period. Lazard Asset Management LLC grew its holdings in shares of Corporacion Inmobiliaria Vesta by 6.6% during the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock valued at $8,803,000 after acquiring an additional 19,967 shares in the last quarter. Finally, Centersquare Investment Management LLC increased its stake in shares of Corporacion Inmobiliaria Vesta by 4.9% in the third quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock worth $10,357,000 after acquiring an additional 17,110 shares during the last quarter. 6.61% of the stock is currently owned by institutional investors and hedge funds.

About Corporacion Inmobiliaria Vesta

Corporación Inmobiliaria Vesta, trading as VTMX on the New York Stock Exchange, is a Mexico-based real estate investment trust (REIT) specializing in the development, acquisition and management of industrial properties. The company’s portfolio primarily consists of warehouses, distribution centers and manufacturing facilities tailored to multinational corporations, logistics operators and other businesses seeking modern, well-connected industrial space in Mexico.

Vesta’s core business activities include the design and construction of build-to-suit projects, the leasing of speculative and multi-tenant properties, and sale-leaseback transactions that convert existing facilities into long-term lease arrangements.