Corporación Inmobiliaria Vesta (NYSE:VTMX) Downgraded by The Goldman Sachs Group to Strong Sell

Corporación Inmobiliaria Vesta (NYSE:VTMX) was downgraded by research analysts at The Goldman Sachs Group from a “hold” rating to a “strong sell” rating in a research note issued on Monday,Zacks.com reports.

Separately, Barclays lowered their price objective 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 Stock Performance

NYSE VTMX opened at $24.07 on Monday. The company has a fifty day moving average of $24.81 and a two-hundred day moving average of $25.45. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.68 and a quick ratio of 4.59. Corporación Inmobiliaria Vesta has a 1 year low of $22.10 and a 1 year high of $41.44. The company has a market capitalization of $20.79 billion, a PE ratio of 10.29 and a beta of 1.04.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $65.20 million for the quarter, compared to analysts’ expectations of $66.43 million. As a group, analysts expect that Corporación Inmobiliaria Vesta will post 2.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of VTMX. BNP Paribas Financial Markets acquired a new stake in shares of Corporación Inmobiliaria Vesta during the fourth quarter worth $490,000. Marshall Wace LLP lifted 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 worth $4,306,000 after acquiring an additional 18,682 shares during the period. Finally, Centersquare Investment Management LLC lifted 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 worth $11,321,000 after acquiring an additional 34,620 shares during the period. 6.61% of the stock is currently owned by hedge funds and other institutional investors.

Corporación 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.