Corporación Inmobiliaria Vesta (NYSE:VTMX - Free Report) had its target price cut by Barclays from $35.00 to $34.00 in a report released on Thursday,Benzinga reports. They currently have an overweight rating on the stock.
Corporación Inmobiliaria Vesta Stock Up 0.3 %
Corporación Inmobiliaria Vesta stock traded up $0.07 during midday trading on Thursday, hitting $24.65. The stock had a trading volume of 76,335 shares, compared to its average volume of 174,293. 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 stock has a market cap of $21.30 billion, a P/E ratio of 10.53 and a beta of 1.04. Corporación Inmobiliaria Vesta has a 12 month low of $22.56 and a 12 month high of $41.44. The business has a fifty day moving average price of $25.16 and a 200 day moving average price of $25.76.
Corporación Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last posted its 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 company had revenue of $65.20 million for the quarter, compared to the consensus estimate of $66.43 million. Corporación Inmobiliaria Vesta had a net margin of 88.52% and a return on equity of 8.52%. Research analysts predict that Corporación Inmobiliaria Vesta will post 2.2 EPS for the current year.
Hedge Funds Weigh In On Corporación Inmobiliaria Vesta
Institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets bought a new position in shares of Corporación Inmobiliaria Vesta during the fourth quarter valued at approximately $490,000. Marshall Wace LLP grew its holdings 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 purchasing an additional 18,682 shares during the last quarter. Finally, Centersquare Investment Management LLC grew 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 worth $11,321,000 after buying an additional 34,620 shares in the last quarter. 6.61% of the stock is owned by institutional investors.
About Corporación Inmobiliaria Vesta
(
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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.
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