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

Corporación Inmobiliaria Vesta (NYSE:VTMX)‘s stock had its “sell” rating reiterated by analysts at The Goldman Sachs Group in a research note issued on Tuesday,Benzinga reports. They presently have a $21.00 price target on the stock, down from their prior price target of $31.00. The Goldman Sachs Group’s price objective would indicate a potential downside of 12.41% from the company’s current price.

Separately, Barclays lowered their target price 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 Trading Up 2.3 %

NYSE VTMX traded up $0.54 during trading hours on Tuesday, reaching $23.98. The company had a trading volume of 37,368 shares, compared to its average volume of 216,469. Corporación Inmobiliaria Vesta has a 1-year low of $22.10 and a 1-year high of $41.44. The stock has a market capitalization of $20.71 billion, a P/E ratio of 10.25 and a beta of 1.04. The stock has a 50-day moving average of $24.81 and a 200 day moving average of $25.46. 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 posted its quarterly earnings data on Tuesday, February 18th. The company reported ($0.76) EPS for the quarter, missing the consensus estimate of $0.34 by ($1.10). The business had revenue of $65.20 million during the quarter, compared to analysts’ expectations of $66.43 million. Corporación Inmobiliaria Vesta had a net margin of 88.52% and a return on equity of 8.52%. As a group, research analysts anticipate that Corporación Inmobiliaria Vesta will post 2.2 earnings per share for the current fiscal year.

Institutional Trading of Corporación Inmobiliaria Vesta

A number of large investors have recently made changes to their positions in VTMX. BNP Paribas Financial Markets acquired a new position in Corporación Inmobiliaria Vesta in the 4th quarter valued at about $490,000. Marshall Wace LLP lifted its stake 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 worth $4,306,000 after purchasing an additional 18,682 shares during the period. Finally, Centersquare Investment Management LLC lifted its holdings 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 worth $11,321,000 after acquiring an additional 34,620 shares during the period. Institutional investors and hedge funds own 6.61% of the company’s stock.

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.