Corporación Inmobiliaria Vesta (NYSE:VTMX) Hits New 12-Month Low – Here’s Why

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) reached a new 52-week low during trading on Thursday . The company traded as low as $22.40 and last traded at $22.48, with a volume of 9704 shares changing hands. The stock had previously closed at $22.89.

Analyst Upgrades and Downgrades

Separately, Barclays dropped their target price on shares of Corporación Inmobiliaria Vesta from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, March 6th.

Corporación Inmobiliaria Vesta Price Performance

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 stock’s 50-day moving average is $24.99 and its 200 day moving average is $25.66. The stock has a market capitalization of $20.14 billion, a PE ratio of 9.96 and a beta of 1.04.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($1.10). Corporación Inmobiliaria Vesta had a return on equity of 8.52% and a net margin of 88.52%. The business had revenue of $65.20 million for the quarter, compared to analysts’ expectations of $66.43 million. As a group, equities analysts expect that Corporación Inmobiliaria Vesta, S.A.B. de C.V. will post 2.2 earnings per share for the current year.

Hedge Funds Weigh In On Corporación Inmobiliaria Vesta

Several institutional investors have recently added to or reduced their stakes in VTMX. Centersquare Investment Management LLC grew its stake in shares of Corporación Inmobiliaria Vesta by 8.5% in the 4th quarter. Centersquare Investment Management LLC now owns 442,212 shares of the company’s stock valued at $11,321,000 after purchasing an additional 34,620 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Corporación Inmobiliaria Vesta by 12.5% in the 4th quarter. Marshall Wace LLP now owns 168,194 shares of the company’s stock valued at $4,306,000 after purchasing an additional 18,682 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of Corporación Inmobiliaria Vesta in the 4th quarter valued at approximately $490,000. Institutional investors and hedge funds own 6.61% of the company’s stock.

About Corporación 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.