Corporación Inmobiliaria Vesta’s (VTMX) “Sell” Rating Reaffirmed at The Goldman Sachs Group

The Goldman Sachs Group restated their sell rating on shares of Corporación Inmobiliaria Vesta (NYSE:VTMX) in a research report released on Tuesday morning,Benzinga reports. The firm currently has a $21.00 price objective on the stock, down from their previous price objective of $31.00.

Separately, Barclays cut their price objective on shares of Corporación Inmobiliaria Vesta from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, March 6th.

Corporación Inmobiliaria Vesta Price Performance

VTMX stock opened at $24.07 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 4.59 and a current ratio of 2.68. The firm has a market capitalization of $20.79 billion, a price-to-earnings ratio of 10.29 and a beta of 1.04. The firm has a 50 day moving average price of $24.81 and a 200-day moving average price of $25.45. Corporación Inmobiliaria Vesta has a 52-week low of $22.10 and a 52-week high of $41.44.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.76) earnings per share (EPS) 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 company had revenue of $65.20 million for the quarter, compared to analysts’ expectations of $66.43 million. Equities research analysts forecast that Corporación Inmobiliaria Vesta will post 2.2 EPS for the current fiscal year.

Institutional Trading of Corporación Inmobiliaria Vesta

Several institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets purchased a new stake in shares of Corporación Inmobiliaria Vesta during the 4th quarter valued at about $490,000. Marshall Wace LLP lifted its position in 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 purchasing an additional 18,682 shares during the period. Finally, Centersquare Investment Management LLC boosted its holdings in Corporación Inmobiliaria Vesta by 8.5% in the fourth quarter. Centersquare Investment Management LLC now owns 442,212 shares of the company’s stock worth $11,321,000 after purchasing an additional 34,620 shares during 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.