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

The Goldman Sachs Group restated their sell rating on shares of Corporación Inmobiliaria Vesta (NYSE:VTMX) in a report released on Tuesday morning,Benzinga reports. The firm currently has a $21.00 price target on the stock, down from their prior price target of $31.00.

Separately, Barclays lowered their price objective on shares of 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 Stock Performance

VTMX opened at $23.38 on Tuesday. The business’s 50-day simple moving average is $24.79 and its 200 day simple moving average is $25.42. Corporación Inmobiliaria Vesta has a 52-week low of $22.10 and a 52-week high of $41.44. The company has a debt-to-equity ratio of 0.31, a quick ratio of 4.59 and a current ratio of 2.68. The firm has a market capitalization of $20.20 billion, a PE ratio of 9.99 and a beta of 1.04.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings data 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). The company had revenue of $65.20 million for the quarter, compared to the consensus estimate of $66.43 million. Corporación Inmobiliaria Vesta had a return on equity of 8.52% and a net margin of 88.52%. As a group, sell-side analysts expect that Corporación Inmobiliaria Vesta will post 2.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VTMX. Centersquare Investment Management LLC raised its holdings in Corporación Inmobiliaria Vesta by 8.5% in 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. Marshall Wace LLP raised its holdings in 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 in the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in Corporación Inmobiliaria Vesta in the fourth quarter valued at about $490,000. 6.61% of the stock is currently owned by institutional investors.

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.