Corporacion Inmobiliaria Vesta (NYSE:VTMX) Cut to “Hold” at Zacks Research

Corporacion Inmobiliaria Vesta (NYSE:VTMX) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

VTMX has been the subject of several other research reports. UBS Group increased their price target on shares of Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Friday, May 22nd. Barclays boosted their price target on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, Wall Street Zen cut Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Corporacion Inmobiliaria Vesta presently has an average rating of “Hold” and a consensus target price of $42.00.

Corporacion Inmobiliaria Vesta Stock Down 0.8%

Shares of VTMX stock opened at $34.70 on Monday. The stock has a market cap of $2.94 billion, a P/E ratio of 8.97, a price-to-earnings-growth ratio of 3.16 and a beta of 0.64. Corporacion Inmobiliaria Vesta has a one year low of $24.99 and a one year high of $37.41. The stock has a fifty day moving average price of $34.49 and a 200 day moving average price of $33.58. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.66 and a quick ratio of 5.66.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.85. The company had revenue of $76.75 million during the quarter, compared to analysts’ expectations of $73.32 million. Corporacion Inmobiliaria Vesta had a net margin of 111.99% and a return on equity of 12.23%. Analysts predict that Corporacion Inmobiliaria Vesta will post 2.52 earnings per share for the current year.

Insider Buying and Selling at Corporacion Inmobiliaria Vesta

In other Corporacion Inmobiliaria Vesta news, CEO Carranza Lorenzo Dominiq Berho sold 50,000 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $3.42, for a total value of $171,000.00. Following the transaction, the chief executive officer directly owned 3,943,199 shares in the company, valued at approximately $13,485,740.58. This trade represents a 1.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Achutegui Juan Felipe Sottil sold 97,488 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $3.49, for a total value of $340,233.12. Following the sale, the chief financial officer owned 1,254,120 shares of the company’s stock, valued at approximately $4,376,878.80. The trade was a 7.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,384,697 shares of company stock valued at $8,202,933 over the last three months.

Institutional Trading of Corporacion Inmobiliaria Vesta

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ABC Arbitrage SA raised its position in shares of Corporacion Inmobiliaria Vesta by 148.8% during the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock valued at $4,401,000 after acquiring an additional 86,328 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of Corporacion Inmobiliaria Vesta by 6.6% during the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock worth $8,803,000 after purchasing an additional 19,967 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in Corporacion Inmobiliaria Vesta by 38.1% in the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock valued at $1,017,000 after buying an additional 10,236 shares during the period. 6.61% of the stock is owned by institutional investors.

Corporacion Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, trading as VTMX on the New York Stock Exchange, is a Mexico-based real estate investment trust (REIT) specializing in the development, acquisition and management of industrial properties. The company’s portfolio primarily consists of warehouses, distribution centers and manufacturing facilities tailored to multinational corporations, logistics operators and other businesses seeking modern, well-connected industrial space in Mexico.

Vesta’s core business activities include the design and construction of build-to-suit projects, the leasing of speculative and multi-tenant properties, and sale-leaseback transactions that convert existing facilities into long-term lease arrangements.