Corporación Inmobiliaria Vesta (NYSE:VTMX) Sets New 52-Week Low – Here’s Why

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) shares reached a new 52-week low during trading on Monday . The company traded as low as $21.84 and last traded at $22.05, with a volume of 16538 shares trading hands. The stock had previously closed at $23.26.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Barclays decreased their price target on Corporación Inmobiliaria Vesta from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Thursday, March 6th. The Goldman Sachs Group reiterated a “sell” rating and set a $21.00 target price (down from $31.00) on shares of Corporación Inmobiliaria Vesta in a research report on Tuesday, March 25th.

Corporación Inmobiliaria Vesta Trading Down 5.9 %

The stock’s 50-day moving average price is $24.64 and its 200 day moving average price is $25.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.68 and a quick ratio of 4.59. The firm has a market capitalization of $18.92 billion, a PE ratio of 9.41 and a beta of 0.89.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last issued 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). Corporación Inmobiliaria Vesta had a net margin of 88.52% and a return on equity of 8.52%. The firm had revenue of $65.20 million for the quarter, compared to the consensus estimate of $66.43 million. On average, sell-side analysts expect that Corporación Inmobiliaria Vesta, S.A.B. de C.V. will post 2.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VTMX. BNP Paribas Financial Markets purchased a new stake in shares of Corporación Inmobiliaria Vesta in the 4th quarter worth approximately $490,000. Marshall Wace LLP raised its holdings in Corporación Inmobiliaria Vesta by 12.5% in the fourth 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 in the last quarter. Finally, Centersquare Investment Management LLC boosted its holdings in shares of Corporación Inmobiliaria Vesta by 8.5% in the 4th quarter. Centersquare Investment Management LLC now owns 442,212 shares of the company’s stock valued at $11,321,000 after buying an additional 34,620 shares in the last quarter. 6.61% of the stock is currently owned by institutional investors.

Corporación 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.