Barclays Lowers Corporación Inmobiliaria Vesta (NYSE:VTMX) Price Target to $34.00

Corporación Inmobiliaria Vesta (NYSE:VTMX) had its price objective lowered by equities research analysts at Barclays from $35.00 to $34.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 40.44% from the company’s previous close.

Corporación Inmobiliaria Vesta Stock Performance

VTMX opened at $24.21 on Thursday. The business has a 50 day moving average of $25.23 and a 200-day moving average of $25.84. Corporación Inmobiliaria Vesta has a 12-month low of $22.56 and a 12-month high of $41.44. The stock has a market cap of $20.92 billion, a price-to-earnings ratio of 10.35 and a beta of 1.04. The company has a quick ratio of 4.59, a current ratio of 2.68 and a debt-to-equity ratio of 0.31.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last posted its earnings results on Tuesday, February 18th. The company reported ($0.76) earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($1.10). The firm had revenue of $65.20 million for the quarter, compared to analysts’ expectations of $66.43 million. Corporación Inmobiliaria Vesta had a return on equity of 8.52% and a net margin of 88.52%. On average, equities research analysts expect that Corporación Inmobiliaria Vesta will post 2.2 earnings per share for the current year.

Institutional Trading of Corporación Inmobiliaria Vesta

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets purchased a new position in shares of Corporación Inmobiliaria Vesta during the fourth quarter valued at approximately $490,000. Marshall Wace LLP increased its position in shares of Corporación Inmobiliaria Vesta by 12.5% during the fourth quarter. Marshall Wace LLP now owns 168,194 shares of the company’s stock valued at $4,306,000 after acquiring an additional 18,682 shares in the last quarter. Finally, Centersquare Investment Management LLC increased its position in shares of Corporación Inmobiliaria Vesta by 8.5% during the fourth quarter. Centersquare Investment Management LLC now owns 442,212 shares of the company’s stock valued at $11,321,000 after acquiring an additional 34,620 shares in the last quarter. 6.61% of the stock is currently owned by hedge funds and other institutional investors.

About Corporación Inmobiliaria Vesta

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.