Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock Rating Lowered by Zacks Research

Corporacion Inmobiliaria Vesta (NYSE:VTMX) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Thursday,Zacks.com reports.

A number of other analysts have also issued reports on the company. Wall Street Zen raised Corporacion Inmobiliaria Vesta from a “sell” rating to a “hold” rating in a research note on Sunday, October 26th. UBS Group boosted their target price on shares of Corporacion Inmobiliaria Vesta from $35.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Scotiabank downgraded shares of Corporacion Inmobiliaria Vesta from a “sector outperform” rating to a “hold” rating in a research note on Wednesday, December 10th. Barclays lifted their price target on shares of Corporacion Inmobiliaria Vesta from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $33.33.

Corporacion Inmobiliaria Vesta Stock Up 0.2%

VTMX stock opened at $31.67 on Thursday. The company has a 50 day moving average price of $30.85 and a two-hundred day moving average price of $28.63. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.97 and a current ratio of 2.97. The stock has a market capitalization of $2.68 billion, a P/E ratio of 1,583.50, a PEG ratio of 4.11 and a beta of 0.70. Corporacion Inmobiliaria Vesta has a one year low of $21.30 and a one year high of $32.21.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.21). The business had revenue of $72.43 million for the quarter, compared to analysts’ expectations of $1.30 billion. Corporacion Inmobiliaria Vesta had a return on equity of 0.19% and a net margin of 1.83%. As a group, sell-side analysts expect that Corporacion Inmobiliaria Vesta will post 2.2 EPS for the current year.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

Several hedge funds and other institutional investors have recently made changes to their positions in VTMX. Centersquare Investment Management LLC boosted its position in Corporacion Inmobiliaria Vesta by 4.9% during the 3rd quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock worth $10,357,000 after purchasing an additional 17,110 shares during the period. Lazard Asset Management LLC boosted its position in shares of Corporacion Inmobiliaria Vesta by 6.6% in the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock worth $8,803,000 after buying an additional 19,967 shares during the period. ABC Arbitrage SA grew its stake in shares of Corporacion Inmobiliaria Vesta by 252.0% in the second quarter. ABC Arbitrage SA now owns 199,263 shares of the company’s stock valued at $5,458,000 after buying an additional 142,660 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Corporacion Inmobiliaria Vesta by 38.1% in the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock valued at $1,017,000 after buying an additional 10,236 shares in the last quarter. Institutional investors and hedge funds own 6.61% of the company’s stock.

Corporacion Inmobiliaria Vesta Company Profile

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.