Scotiabank Upgrades Corporación Inmobiliaria Vesta (NYSE:VTMX) to Strong-Buy

Corporación Inmobiliaria Vesta (NYSE:VTMX) was upgraded by investment analysts at Scotiabank to a “strong-buy” rating in a report issued on Sunday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group reiterated a “sell” rating and issued a $21.00 price target (down previously from $31.00) on shares of Corporación Inmobiliaria Vesta in a research note on Tuesday, March 25th. Barclays decreased their price objective on shares of Corporación Inmobiliaria Vesta from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Thursday, March 6th.

Corporación Inmobiliaria Vesta Stock Up 1.4 %

NYSE:VTMX opened at $23.31 on Friday. The stock’s fifty day moving average is $24.04 and its two-hundred day moving average is $24.98. Corporación Inmobiliaria Vesta has a 52 week low of $21.30 and a 52 week high of $37.92. The stock has a market capitalization of $20.14 billion, a price-to-earnings ratio of 9.96 and a beta of 0.89. 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 posted its quarterly earnings results 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 analyst estimates of $66.43 million. Corporación Inmobiliaria Vesta had a return on equity of 8.52% and a net margin of 88.52%. Research analysts anticipate that Corporación Inmobiliaria Vesta will post 2.2 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VTMX. BNP Paribas Financial Markets purchased a new position in shares of Corporación Inmobiliaria Vesta during the fourth quarter worth about $490,000. Marshall Wace LLP increased its holdings in shares of 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 period. Finally, Centersquare Investment Management LLC boosted its stake in 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 purchasing an additional 34,620 shares during the period. 6.61% of the stock is owned by hedge funds and other 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.