Corporacion Inmobiliaria Vesta (NYSE:VTMX) Downgraded to “Hold” Rating by Wall Street Zen

Corporacion Inmobiliaria Vesta (NYSE:VTMX) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Several other brokerages have also commented on VTMX. Weiss Ratings upgraded shares of Corporacion Inmobiliaria Vesta from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, February 24th. Zacks Research lowered shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 8th. Barclays upped their price objective on shares of Corporacion Inmobiliaria Vesta from $38.00 to $40.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Scotiabank downgraded shares of Corporacion Inmobiliaria Vesta from a “sector outperform” rating to a “hold” rating in a research report on Wednesday, December 10th. Finally, UBS Group raised their target price on Corporacion Inmobiliaria Vesta from $35.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $33.33.

Corporacion Inmobiliaria Vesta Stock Down 1.0%

Shares of Corporacion Inmobiliaria Vesta stock opened at $33.12 on Friday. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 11.87 and a beta of 0.57. The stock has a 50-day simple moving average of $32.72 and a 200-day simple moving average of $30.29. Corporacion Inmobiliaria Vesta has a 52-week low of $21.30 and a 52-week high of $37.41. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.84 and a quick ratio of 2.97.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings data on Thursday, February 19th. The company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $1.21. The firm had revenue of $76.40 million for the quarter, compared to the consensus estimate of $1.29 billion. Corporacion Inmobiliaria Vesta had a return on equity of 9.33% and a net margin of 85.41%. On average, equities research analysts expect that Corporacion Inmobiliaria Vesta will post 2.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. ABC Arbitrage SA raised its holdings in Corporacion Inmobiliaria Vesta by 252.0% in the 2nd quarter. ABC Arbitrage SA now owns 199,263 shares of the company’s stock worth $5,458,000 after acquiring an additional 142,660 shares during the period. Centersquare Investment Management LLC boosted its holdings in Corporacion Inmobiliaria Vesta by 4.9% during the third quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock valued at $10,357,000 after acquiring an additional 17,110 shares during the period. Lazard Asset Management LLC boosted its holdings in Corporacion Inmobiliaria Vesta by 6.6% during the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock valued at $8,803,000 after acquiring an additional 19,967 shares during the period. Finally, BNP Paribas Financial Markets grew its position 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 purchasing an additional 10,236 shares during the last quarter. 6.61% of the stock is currently owned by institutional investors and hedge funds.

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.