Corporación Inmobiliaria Vesta (NYSE:VTMX) Sees Large Volume Increase - Here's What Happened

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX - Get Free Report) shares saw strong trading volume on Tuesday . 212,340 shares were traded during mid-day trading, an increase of 17% from the previous session's volume of 181,423 shares.The stock last traded at $24.53 and had previously closed at $24.19.

Wall Street Analyst Weigh In

VTMX has been the topic of several recent analyst reports. The Goldman Sachs Group reiterated a "sell" rating and set a $21.00 target price (down previously from $31.00) on shares of Corporación Inmobiliaria Vesta in a research report on Tuesday, March 25th. Scotiabank upgraded Corporación Inmobiliaria Vesta to a "strong-buy" rating in a research report on Sunday, April 13th. Finally, 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 research report on Thursday, March 6th.

Corporación Inmobiliaria Vesta Price Performance

The firm has a market cap of $23.17 billion, a PE ratio of 11.46 and a beta of 0.89. 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 company has a 50 day moving average price of $23.72 and a 200 day moving average price of $24.88.

Corporación Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.33). The firm had revenue of $60.60 million for the quarter, compared to analysts' expectations of $1.46 billion. Corporación Inmobiliaria Vesta had a return on equity of 8.52% and a net margin of 88.52%. On average, sell-side analysts expect that Corporación Inmobiliaria Vesta, S.A.B. de C.V. will post 2.2 EPS for the current year.

Institutional Trading of Corporación Inmobiliaria Vesta

Large investors have recently modified their holdings of the business. Centersquare Investment Management LLC raised its holdings in shares of Corporación Inmobiliaria Vesta by 8.5% in the fourth 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 last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Corporación Inmobiliaria Vesta during the fourth quarter valued at $490,000. Finally, Marshall Wace LLP increased its position in Corporación Inmobiliaria Vesta by 12.5% during the 4th quarter. Marshall Wace LLP now owns 168,194 shares of the company's stock worth $4,306,000 after purchasing an additional 18,682 shares in the last quarter. 6.61% of the stock is currently owned by institutional investors and hedge funds.

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.