Corporación Inmobiliaria Vesta (NYSE:VTMX) Downgraded by The Goldman Sachs Group to "Strong Sell"

The Goldman Sachs Group lowered shares of Corporación Inmobiliaria Vesta (NYSE:VTMX - Free Report) from a hold rating to a strong sell rating in a research report report published on Monday morning,Zacks.com reports.

Separately, Barclays reduced their price objective on Corporación Inmobiliaria Vesta from $35.00 to $34.00 and set an "overweight" rating for the company in a research report on Thursday, March 6th.

Corporación Inmobiliaria Vesta Trading Down 1.0 %

Shares of Corporación Inmobiliaria Vesta stock traded down $0.24 on Monday, reaching $23.06. 122,866 shares of the company were exchanged, compared to its average volume of 174,775. Corporación Inmobiliaria Vesta has a fifty-two week low of $22.10 and a fifty-two week high of $41.44. The firm has a market capitalization of $19.92 billion, a price-to-earnings ratio of 9.86 and a beta of 1.04. 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 stock has a fifty day moving average price of $24.77 and a 200-day moving average price of $25.40.

Corporación Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last announced 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). 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 analyst estimates of $66.43 million. On average, analysts expect that Corporación Inmobiliaria Vesta will post 2.2 EPS for the current year.

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Institutional Investors Weigh In On Corporación Inmobiliaria Vesta

Several institutional investors and hedge funds have recently modified their holdings of VTMX. BNP Paribas Financial Markets bought a new stake in Corporación Inmobiliaria Vesta during the fourth quarter worth approximately $490,000. Marshall Wace LLP boosted its holdings in shares of 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 buying an additional 18,682 shares during the period. Finally, Centersquare Investment Management LLC grew its stake in Corporación Inmobiliaria Vesta by 8.5% in the 4th quarter. Centersquare Investment Management LLC now owns 442,212 shares of the company's stock valued at $11,321,000 after buying an additional 34,620 shares during the last quarter. 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.