Corporación Inmobiliaria Vesta (NYSE:VTMX) Given Sell Rating at The Goldman Sachs Group

Corporación Inmobiliaria Vesta (NYSE:VTMX)‘s stock had its “sell” rating restated by research analysts at The Goldman Sachs Group in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $21.00 target price on the stock, down from their prior target price of $31.00. The Goldman Sachs Group’s price target suggests a potential downside of 12.41% from the stock’s previous close.

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 note on Thursday, March 6th.

Corporación Inmobiliaria Vesta Price Performance

NYSE VTMX traded up $0.54 on Tuesday, hitting $23.98. The company had a trading volume of 37,368 shares, compared to its average volume of 216,469. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.68 and a quick ratio of 4.59. The company’s fifty day moving average price is $24.81 and its 200-day moving average price is $25.46. The company has a market capitalization of $20.71 billion, a PE ratio of 10.25 and a beta of 1.04. Corporación Inmobiliaria Vesta has a 12-month low of $22.10 and a 12-month high of $41.44.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.76) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $65.20 million for the quarter, compared to analyst estimates of $66.43 million. As a group, analysts predict that Corporación Inmobiliaria Vesta will post 2.2 earnings per share for the current year.

Hedge Funds Weigh In On Corporación Inmobiliaria Vesta

A number of institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP raised 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 acquiring an additional 18,682 shares during the period. BNP Paribas Financial Markets acquired a new position in Corporación Inmobiliaria Vesta in the 4th quarter valued at about $490,000. Finally, Centersquare Investment Management LLC grew its stake in shares of 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 period. Hedge funds and other institutional investors 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.