Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $21.84 and last traded at $22.05, with a volume of 16538 shares traded. The stock had previously closed at $23.26.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on VTMX. The Goldman Sachs Group reiterated a "sell" rating and issued a $21.00 price objective (down previously from $31.00) on shares of Corporación Inmobiliaria Vesta in a research report on Tuesday, March 25th. Barclays cut their price target on Corporación Inmobiliaria Vesta from $35.00 to $34.00 and set an "overweight" rating on the stock in a research note on Thursday, March 6th.
Check Out Our Latest Research Report on Corporación Inmobiliaria Vesta
Corporación Inmobiliaria Vesta Stock Up 2.0 %
The firm has a market cap of $19.82 billion, a P/E ratio of 9.81 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's 50 day simple moving average is $24.10 and its 200-day simple moving average is $25.02.
Corporación Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($0.76) EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($1.10). Corporación Inmobiliaria Vesta had a net margin of 88.52% and a return on equity of 8.52%. The firm had revenue of $65.20 million for the quarter, compared to analysts' expectations of $66.43 million. Research analysts forecast that Corporación Inmobiliaria Vesta, S.A.B. de C.V. will post 2.2 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Marshall Wace LLP grew its stake 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 acquiring an additional 18,682 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in Corporación Inmobiliaria Vesta during the fourth quarter worth $490,000. Finally, Centersquare Investment Management LLC grew its holdings 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 valued at $11,321,000 after purchasing an additional 34,620 shares during the last quarter. Hedge funds and other institutional investors own 6.61% of the company's stock.
Corporación Inmobiliaria Vesta Company Profile
(
Get Free Report)
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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