Corporación Inmobiliaria Vesta (NYSE:VTMX) Trading 7.9% Higher – What’s Next?

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX)’s stock price was up 7.9% on Thursday . The stock traded as high as $24.19 and last traded at $24.61. Approximately 20,889 shares changed hands during trading, a decline of 88% from the average daily volume of 174,138 shares. The stock had previously closed at $22.80.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VTMX. The Goldman Sachs Group restated a “sell” rating and issued a $21.00 target price (down from $31.00) on shares of Corporación Inmobiliaria Vesta in a research note on Tuesday, March 25th. Barclays decreased their target price 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 Trading Up 8.4 %

The company has a 50 day moving average of $24.68 and a 200 day moving average of $25.31. The firm has a market cap of $21.36 billion, a price-to-earnings ratio of 10.56 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 issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.76) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $65.20 million for the quarter, compared to the consensus estimate of $66.43 million. As a group, research analysts anticipate that Corporación Inmobiliaria Vesta, S.A.B. de C.V. will post 2.2 EPS for the current year.

Hedge Funds Weigh In On Corporación Inmobiliaria Vesta

Institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets acquired a new stake in shares of Corporación Inmobiliaria Vesta in the fourth quarter valued at approximately $490,000. Marshall Wace LLP lifted its stake in shares of 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 acquiring 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 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.

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.