The Goldman Sachs Group Reaffirms Sell Rating for Corporación Inmobiliaria Vesta (NYSE:VTMX)

Corporación Inmobiliaria Vesta (NYSE:VTMX - Get Free Report)'s stock had its "sell" rating reiterated by equities research analysts at The Goldman Sachs Group in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $21.00 price objective on the stock, down from their previous price objective of $31.00. The Goldman Sachs Group's price objective would indicate a potential downside of 8.94% from the stock's previous close.

Separately, Barclays decreased their target price on shares of 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 Stock Performance

Shares of NYSE:VTMX traded down $0.24 during trading on Tuesday, hitting $23.06. 122,866 shares of the company were exchanged, compared to its average volume of 174,775. The company has a market cap of $19.92 billion, a PE ratio of 9.86 and a beta of 1.04. 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 current ratio of 2.68 and a quick ratio of 4.59. The stock has a 50 day moving average of $24.77 and a 200 day moving average of $25.40.

Corporación Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last issued 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). Corporación Inmobiliaria Vesta had a return on equity of 8.52% and a net margin of 88.52%. The company had revenue of $65.20 million during the quarter, compared to the consensus estimate of $66.43 million. As a group, equities research analysts predict that Corporación Inmobiliaria Vesta will post 2.2 EPS for the current year.

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Hedge Funds Weigh In On Corporación Inmobiliaria Vesta

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VTMX. BNP Paribas Financial Markets purchased a new stake in shares of Corporación Inmobiliaria Vesta in the 4th quarter valued at about $490,000. Marshall Wace LLP raised its stake in Corporación Inmobiliaria Vesta by 12.5% in 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 in the last quarter. Finally, Centersquare Investment Management LLC raised its stake in Corporación Inmobiliaria Vesta by 8.5% in the fourth quarter. Centersquare Investment Management LLC now owns 442,212 shares of the company's stock valued at $11,321,000 after purchasing an additional 34,620 shares in the last quarter. 6.61% of the stock is currently 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.