Corporacion Inmobiliaria Vesta (NYSE:VTMX) Upgraded by Zacks Research to Hold Rating

Corporacion Inmobiliaria Vesta (NYSE:VTMX) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the company. Barclays boosted their price objective on Corporacion Inmobiliaria Vesta from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Scotiabank cut shares of Corporacion Inmobiliaria Vesta from a “sector outperform” rating to a “hold” rating in a report on Wednesday, December 10th. Wall Street Zen downgraded shares of Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a research note on Saturday. UBS Group boosted their price objective on shares of Corporacion Inmobiliaria Vesta from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, December 17th. Finally, Weiss Ratings raised shares of Corporacion Inmobiliaria Vesta from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, February 24th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $33.33.

Corporacion Inmobiliaria Vesta Stock Performance

Shares of NYSE:VTMX opened at $33.53 on Monday. The company has a current ratio of 4.84, a quick ratio of 2.97 and a debt-to-equity ratio of 0.46. Corporacion Inmobiliaria Vesta has a 12 month low of $21.30 and a 12 month high of $37.41. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 12.02 and a beta of 0.57. The firm’s 50-day moving average is $32.82 and its 200 day moving average is $30.39.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its earnings results on Thursday, February 19th. The company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $1.21. The business had revenue of $76.40 million during the quarter, compared to analyst estimates of $1.29 billion. Corporacion Inmobiliaria Vesta had a return on equity of 9.33% and a net margin of 85.41%. Research analysts predict that Corporacion Inmobiliaria Vesta will post 2.2 EPS for the current year.

Institutional Trading of Corporacion Inmobiliaria Vesta

A number of hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its holdings in shares of Corporacion Inmobiliaria Vesta by 38.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock valued at $1,017,000 after acquiring an additional 10,236 shares during the period. ABC Arbitrage SA boosted its position in Corporacion Inmobiliaria Vesta by 148.8% during the fourth quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock valued at $4,401,000 after purchasing an additional 86,328 shares in the last quarter. Lazard Asset Management LLC boosted its position in Corporacion Inmobiliaria Vesta by 6.6% during the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock valued at $8,803,000 after purchasing an additional 19,967 shares in the last quarter. Finally, Centersquare Investment Management LLC grew its stake in Corporacion Inmobiliaria Vesta by 4.9% in the third quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock valued at $10,357,000 after purchasing an additional 17,110 shares during the last quarter. Hedge funds and other institutional investors own 6.61% of the company’s stock.

About Corporacion Inmobiliaria Vesta

Corporación Inmobiliaria Vesta, trading as VTMX on the New York Stock Exchange, is a Mexico-based real estate investment trust (REIT) specializing in the development, acquisition and management of industrial properties. The company’s portfolio primarily consists of warehouses, distribution centers and manufacturing facilities tailored to multinational corporations, logistics operators and other businesses seeking modern, well-connected industrial space in Mexico.

Vesta’s core business activities include the design and construction of build-to-suit projects, the leasing of speculative and multi-tenant properties, and sale-leaseback transactions that convert existing facilities into long-term lease arrangements.