Corporación Inmobiliaria Vesta (NYSE:VTMX) Lowered to Strong Sell Rating by The Goldman Sachs Group

The Goldman Sachs Group lowered shares of Corporación Inmobiliaria Vesta (NYSE:VTMX) from a hold rating to a strong sell rating in a research report sent to investors on Monday morning,Zacks.com reports.

Separately, Barclays decreased their price target on Corporación Inmobiliaria Vesta from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Thursday, March 6th.

Corporación Inmobiliaria Vesta Trading Up 2.7 %

Shares of VTMX opened at $24.07 on Monday. The company has a current ratio of 2.68, a quick ratio of 4.59 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average price of $24.81 and a 200 day moving average price of $25.45. Corporación Inmobiliaria Vesta has a 12-month low of $22.10 and a 12-month high of $41.44. The firm has a market capitalization of $20.79 billion, a P/E ratio of 10.29 and a beta of 1.04.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings results on Tuesday, February 18th. The company reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $66.43 million. Sell-side analysts forecast that Corporación Inmobiliaria Vesta will post 2.2 EPS for the current year.

Hedge Funds Weigh In On Corporación Inmobiliaria Vesta

Hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new position in Corporación Inmobiliaria Vesta during the fourth quarter worth $490,000. Marshall Wace LLP lifted its stake in 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 acquiring an additional 18,682 shares in the last quarter. Finally, Centersquare Investment Management LLC boosted its holdings 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 valued at $11,321,000 after acquiring an additional 34,620 shares during the period. Hedge funds and other institutional investors 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.