Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock Price Expected to Rise, Barclays Analyst Says

Corporacion Inmobiliaria Vesta (NYSE:VTMX) had its price target hoisted by Barclays from $34.00 to $37.00 in a research report report published on Monday,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts also recently weighed in on the stock. Scotiabank raised shares of Corporacion Inmobiliaria Vesta to a “strong-buy” rating in a research note on Sunday, April 13th. The Goldman Sachs Group reissued a “sell” rating and issued a $21.00 price objective (down from $31.00) on shares of Corporacion Inmobiliaria Vesta in a research report on Tuesday, March 25th.

Corporacion Inmobiliaria Vesta Stock Performance

NYSE:VTMX opened at $26.75 on Monday. The company’s 50-day moving average is $27.76 and its two-hundred day moving average is $25.71. 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 has a 1-year low of $21.30 and a 1-year high of $32.84. The firm has a market capitalization of $23.11 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 4.43 and a beta of 0.76.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) 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 return on equity of 4.34% and a net margin of 43.85%. The business had revenue of $60.60 million for the quarter, compared to analysts’ expectations of $1.46 billion. Analysts forecast that Corporacion Inmobiliaria Vesta will post 2.2 EPS for the current year.

Institutional Trading of Corporacion Inmobiliaria Vesta

A number of large investors have recently bought and sold shares of the business. Marshall Wace LLP boosted its stake in Corporacion Inmobiliaria Vesta by 12.5% during the 4th quarter. Marshall Wace LLP now owns 168,194 shares of the company’s stock worth $4,306,000 after purchasing an additional 18,682 shares during the period. BNP Paribas Financial Markets acquired a new stake in Corporacion Inmobiliaria Vesta during the 4th quarter worth $490,000. Centersquare Investment Management LLC boosted its stake in Corporacion Inmobiliaria Vesta by 8.5% during 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 during the period. Anson Funds Management LP acquired a new stake in Corporacion Inmobiliaria Vesta during the 1st quarter worth $1,251,000. Finally, ABC Arbitrage SA acquired a new stake in Corporacion Inmobiliaria Vesta during the 1st quarter worth $1,291,000. Institutional investors and hedge funds own 6.61% of the company’s stock.

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.