Scotiabank Upgrades Corporación Inmobiliaria Vesta (NYSE:VTMX) to Strong-Buy

Corporación Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) was upgraded by analysts at Scotiabank to a "strong-buy" rating in a report released on Sunday, April 13th,Zacks.com reports.

A number of other brokerages also recently weighed in on VTMX. Barclays cut their price target on shares of Corporación Inmobiliaria Vesta from $35.00 to $34.00 and set an "overweight" rating for the company in a report on Thursday, March 6th. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $21.00 target price (down previously from $31.00) on shares of Corporación Inmobiliaria Vesta in a report on Tuesday, March 25th.

Corporación Inmobiliaria Vesta Price Performance

Shares of NYSE VTMX traded up $0.95 during midday trading on Friday, reaching $24.31. The company's stock had a trading volume of 257,556 shares, compared to its average volume of 181,289. The company has a debt-to-equity ratio of 0.31, a quick ratio of 4.59 and a current ratio of 2.68. The company has a market cap of $21.00 billion, a P/E ratio of 10.39 and a beta of 0.89. The business's 50 day moving average price is $23.83 and its two-hundred day moving average price is $24.90. Corporación Inmobiliaria Vesta has a fifty-two week low of $21.30 and a fifty-two week high of $37.92.

Corporación Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($1.10). The company had revenue of $65.20 million for the quarter, compared to analyst estimates of $66.43 million. Corporación Inmobiliaria Vesta had a return on equity of 8.52% and a net margin of 88.52%. On average, analysts forecast that Corporación Inmobiliaria Vesta will post 2.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VTMX. Centersquare Investment Management LLC boosted its holdings 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 valued at $11,321,000 after acquiring an additional 34,620 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Corporación Inmobiliaria Vesta in the fourth quarter valued at approximately $490,000. Finally, Marshall Wace LLP raised its holdings in Corporación Inmobiliaria Vesta by 12.5% in the 4th quarter. Marshall Wace LLP now owns 168,194 shares of the company's stock valued at $4,306,000 after buying an additional 18,682 shares during the last quarter. 6.61% of the stock is currently owned by institutional investors and hedge funds.

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.