Corporación Inmobiliaria Vesta (NYSE:VTMX) Hits New 1-Year Low – Here’s Why

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX)’s stock price 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 changing hands. The stock had previously closed at $23.26.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on VTMX shares. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $21.00 price objective (down previously from $31.00) on shares of Corporación Inmobiliaria Vesta in a research note on Tuesday, March 25th. Barclays lowered their price target on Corporación Inmobiliaria Vesta from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Thursday, March 6th.

Corporación Inmobiliaria Vesta Stock Performance

The company has a market capitalization of $18.97 billion, a P/E ratio of 9.38 and a beta of 0.89. 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 business’s fifty day simple moving average is $24.40 and its 200-day simple moving average is $25.13.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last issued its earnings results on Tuesday, February 18th. The company reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($1.10). The firm had revenue of $65.20 million during the quarter, compared to the consensus estimate of $66.43 million. Corporación Inmobiliaria Vesta had a return on equity of 8.52% and a net margin of 88.52%. As a group, equities analysts anticipate that Corporación Inmobiliaria Vesta, S.A.B. de C.V. will post 2.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new stake in Corporación Inmobiliaria Vesta during the fourth quarter valued at $490,000. Marshall Wace LLP raised its position in shares of Corporación Inmobiliaria Vesta by 12.5% during the 4th quarter. Marshall Wace LLP now owns 168,194 shares of the company’s stock valued at $4,306,000 after buying an additional 18,682 shares in the last quarter. Finally, Centersquare Investment Management LLC raised 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 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.