Zacks Research Downgrades Corporacion Inmobiliaria Vesta (NYSE:VTMX) to Hold

Corporacion Inmobiliaria Vesta (NYSE:VTMX) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

VTMX has been the subject of a number of other research reports. Wall Street Zen lowered Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Barclays increased their target price on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. UBS Group lifted their target price on Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Corporacion Inmobiliaria Vesta currently has an average rating of “Hold” and an average price target of $42.00.

Corporacion Inmobiliaria Vesta Price Performance

NYSE VTMX opened at $34.70 on Monday. The company has a current ratio of 5.66, a quick ratio of 5.66 and a debt-to-equity ratio of 0.41. Corporacion Inmobiliaria Vesta has a 12 month low of $24.99 and a 12 month high of $37.41. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 3.16 and a beta of 0.64. The company’s 50 day moving average is $34.49 and its two-hundred day moving average is $33.58.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.85. The business had revenue of $76.75 million during the quarter, compared to analyst estimates of $73.32 million. Corporacion Inmobiliaria Vesta had a net margin of 111.99% and a return on equity of 12.23%. As a group, research analysts anticipate that Corporacion Inmobiliaria Vesta will post 2.52 earnings per share for the current year.

Insider Transactions at Corporacion Inmobiliaria Vesta

In other Corporacion Inmobiliaria Vesta news, insider Romero Alejandro Pucheu sold 120,000 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $3.44, for a total transaction of $412,800.00. Following the completion of the transaction, the insider owned 462,287 shares in the company, valued at $1,590,267.28. This trade represents a 20.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Achutegui Juan Felipe Sottil sold 97,488 shares of Corporacion Inmobiliaria Vesta stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $3.49, for a total transaction of $340,233.12. Following the completion of the transaction, the chief financial officer directly owned 1,254,120 shares of the company’s stock, valued at $4,376,878.80. The trade was a 7.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,384,697 shares of company stock valued at $8,202,933 in the last 90 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in VTMX. ABC Arbitrage SA increased its stake in Corporacion Inmobiliaria Vesta by 148.8% during the fourth quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock worth $4,401,000 after acquiring an additional 86,328 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Corporacion Inmobiliaria Vesta by 6.6% in the 2nd 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 during the last quarter. Finally, BNP Paribas Financial Markets boosted 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 worth $1,017,000 after purchasing an additional 10,236 shares during the period. 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.