Corporación Inmobiliaria Vesta (NYSE:VTMX) Hits New 1-Year Low - Should You Sell?

Shares of Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX - Get Free Report) hit a new 52-week low on Thursday . The company traded as low as $22.40 and last traded at $22.48, with a volume of 9704 shares trading hands. The stock had previously closed at $22.89.

Analyst Upgrades and Downgrades

Separately, 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 note on Thursday, March 6th.

Corporación Inmobiliaria Vesta Trading Up 1.3 %

The firm has a market cap of $20.37 billion, a PE ratio of 10.08 and a beta of 1.04. The company has a 50-day simple moving average of $24.91 and a 200 day simple moving average of $25.57. The company has a current ratio of 2.68, a quick ratio of 4.59 and a debt-to-equity ratio of 0.31.

Corporación Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) 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 analysts' expectations of $66.43 million. As a group, sell-side analysts forecast that Corporación Inmobiliaria Vesta, S.A.B. de C.V. will post 2.2 earnings per share for the current fiscal year.

Remove Ads

Hedge Funds Weigh In On Corporación Inmobiliaria Vesta

A number of hedge funds have recently bought and sold shares of VTMX. Centersquare Investment Management LLC raised its stake in shares of 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 buying an additional 34,620 shares during the period. BNP Paribas Financial Markets acquired a new position in Corporación Inmobiliaria Vesta during the fourth quarter worth $490,000. Finally, Marshall Wace LLP lifted its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 6.61% of the company's stock.

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.