Corporación Inmobiliaria Vesta (NYSE:VTMX) Cut to Strong Sell at The Goldman Sachs Group

The Goldman Sachs Group downgraded shares of Corporación Inmobiliaria Vesta (NYSE:VTMX) from a hold rating to a strong sell rating in a report issued on Monday,Zacks.com reports.

Separately, 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 report on Thursday, March 6th.

Corporación Inmobiliaria Vesta Trading Down 0.9 %

VTMX stock opened at $23.84 on Monday. The stock has a market capitalization of $20.60 billion, a price-to-earnings ratio of 10.19 and a beta of 1.04. Corporación Inmobiliaria Vesta has a twelve month low of $22.10 and a twelve month high of $41.44. The firm’s fifty day simple moving average is $24.80 and its two-hundred day simple moving average is $25.43. 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 issued its earnings results on Tuesday, February 18th. The company reported ($0.76) EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($1.10). Corporación Inmobiliaria Vesta had a return on equity of 8.52% and a net margin of 88.52%. The company had revenue of $65.20 million for the quarter, compared to analysts’ expectations of $66.43 million. As a group, analysts anticipate that Corporación Inmobiliaria Vesta will post 2.2 earnings per share for the current year.

Institutional Trading of Corporación Inmobiliaria Vesta

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets acquired a new stake in shares of Corporación Inmobiliaria Vesta in the fourth quarter valued at about $490,000. Marshall Wace LLP raised 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 acquiring an additional 18,682 shares during the last quarter. Finally, Centersquare Investment Management LLC boosted its position 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 valued at $11,321,000 after acquiring an additional 34,620 shares during the last quarter. 6.61% of the stock is owned by institutional investors and hedge funds.

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.