Corporación Inmobiliaria Vesta (NYSE:VTMX) Hits New 12-Month Low - Time to Sell?

Shares of Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX - Get Free Report) reached a new 52-week low on Friday . The stock traded as low as $23.14 and last traded at $23.34, with a volume of 93717 shares trading hands. The stock had previously closed at $23.66.

Analysts Set New Price Targets

Separately, Barclays lowered their price objective on shares of Corporación Inmobiliaria Vesta from $38.00 to $35.00 and set an "overweight" rating for the company in a research note on Wednesday, November 27th.

Corporación Inmobiliaria Vesta Trading Down 1.0 %

The company's fifty day moving average is $25.34 and its 200-day moving average is $25.91. 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 company has a market capitalization of $19.90 billion, a PE ratio of 9.84 and a beta of 0.95.

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). The company had revenue of $65.20 million during the quarter, compared to analysts' expectations of $66.43 million. Corporación Inmobiliaria Vesta had a net margin of 88.52% and a return on equity of 8.52%. On average, analysts anticipate that Corporación Inmobiliaria Vesta, S.A.B. de C.V. will post 2.2 EPS for the current fiscal year.

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Institutional Trading of Corporación Inmobiliaria Vesta

Several hedge funds have recently modified their holdings of VTMX. Marshall Wace LLP boosted its holdings in Corporación Inmobiliaria Vesta by 12.5% in the fourth 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. BNP Paribas Financial Markets purchased a new position in Corporación Inmobiliaria Vesta in the 4th quarter worth $490,000. Finally, Centersquare Investment Management LLC lifted its position 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 worth $11,321,000 after acquiring an additional 34,620 shares during the period. 6.61% of the stock is owned by hedge funds and other 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.