Corporación Inmobiliaria Vesta (NYSE:VTMX) Stock Price Up 7.9% - Here's Why

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX - Get Free Report)'s share price traded up 7.9% during mid-day trading on Thursday . The company traded as high as $24.19 and last traded at $24.61. 20,889 shares were traded during mid-day trading, a decline of 88% from the average session volume of 174,138 shares. The stock had previously closed at $22.80.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group reiterated a "sell" rating and set a $21.00 price objective (down previously from $31.00) on shares of Corporación Inmobiliaria Vesta in a research note on Tuesday, March 25th. Barclays dropped their price target on 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 Trading Up 0.3 %

The firm's 50-day simple moving average is $24.57 and its 200 day simple moving average is $25.19. The stock has a market cap of $18.98 billion, a P/E ratio of 9.35 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.

Corporación Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $65.20 million during the quarter, compared to the consensus estimate of $66.43 million. As a group, equities research analysts anticipate that Corporación Inmobiliaria Vesta, S.A.B. de C.V. will post 2.2 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Centersquare Investment Management LLC boosted its stake 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 in the last quarter. Marshall Wace LLP lifted its holdings in shares of Corporación Inmobiliaria Vesta by 12.5% in the fourth 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 period. Finally, BNP Paribas Financial Markets bought a new position in Corporación Inmobiliaria Vesta during the fourth quarter valued at about $490,000. Institutional investors and hedge funds 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.