Zacks Research Upgrades Corporacion Inmobiliaria Vesta (NYSE:VTMX) to “Strong-Buy”

Corporacion Inmobiliaria Vesta (NYSE:VTMX) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Weiss Ratings raised Corporacion Inmobiliaria Vesta from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, February 24th. Barclays upped their price objective on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Wall Street Zen lowered Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Corporacion Inmobiliaria Vesta presently has a consensus rating of “Moderate Buy” and an average target price of $40.00.

Corporacion Inmobiliaria Vesta Trading Up 1.5%

Shares of VTMX stock opened at $34.60 on Tuesday. The business’s fifty day moving average price is $34.38 and its 200 day moving average price is $32.76. Corporacion Inmobiliaria Vesta has a 1-year low of $24.99 and a 1-year high of $37.41. The firm has a market capitalization of $2.93 billion, a PE ratio of 8.94, a P/E/G ratio of 3.37 and a beta of 0.67. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.66 and a quick ratio of 5.66.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings data on Friday, April 24th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.85. Corporacion Inmobiliaria Vesta had a return on equity of 12.23% and a net margin of 111.99%.The firm had revenue of $76.75 million for the quarter, compared to analyst estimates of $73.32 million. As a group, sell-side analysts forecast that Corporacion Inmobiliaria Vesta will post 2.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

Large investors have recently modified their holdings of the company. Centersquare Investment Management LLC raised its holdings in shares of Corporacion Inmobiliaria Vesta by 4.9% in 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. ABC Arbitrage SA grew its stake in shares of Corporacion Inmobiliaria Vesta by 148.8% in the fourth 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 in the last quarter. Lazard Asset Management LLC grew its stake 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 valued at $8,803,000 after buying an additional 19,967 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Corporacion Inmobiliaria Vesta by 38.1% during the 2nd 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. 6.61% of the stock is currently owned by hedge funds and other institutional investors.

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.