Barclays Has Lowered Expectations for Corporación Inmobiliaria Vesta (NYSE:VTMX) Stock Price

Corporación Inmobiliaria Vesta (NYSE:VTMX) had its price target decreased by stock analysts at Barclays from $35.00 to $34.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 37.93% from the company’s current price.

Corporación Inmobiliaria Vesta Price Performance

Shares of VTMX opened at $24.65 on Thursday. Corporación Inmobiliaria Vesta has a twelve month low of $22.56 and a twelve month high of $41.44. The stock’s 50 day moving average is $25.20 and its two-hundred day moving average is $25.84. The firm has a market capitalization of $21.30 billion, a PE ratio of 10.53 and a beta of 1.04. The company has a current ratio of 2.68, a quick ratio of 4.59 and a debt-to-equity ratio of 0.31.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings data 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 business had revenue of $65.20 million during the quarter, compared to analysts’ expectations of $66.43 million. Research analysts anticipate that Corporación Inmobiliaria Vesta will post 2.2 earnings per share for the current year.

Institutional Investors Weigh In On Corporación Inmobiliaria Vesta

A number of institutional investors have recently added to or reduced their stakes in the business. Marshall Wace LLP boosted its holdings in Corporación Inmobiliaria Vesta by 12.5% in the 4th quarter. Marshall Wace LLP now owns 168,194 shares of the company’s stock valued at $4,306,000 after purchasing an additional 18,682 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Corporación Inmobiliaria Vesta during the 4th quarter worth approximately $490,000. Finally, Centersquare Investment Management LLC boosted its stake in shares of Corporación Inmobiliaria Vesta by 8.5% during the 4th quarter. Centersquare Investment Management LLC now owns 442,212 shares of the company’s stock worth $11,321,000 after acquiring an additional 34,620 shares in the last quarter. Hedge funds and other institutional investors own 6.61% of the company’s stock.

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.