UBS Group Forecasts Strong Price Appreciation for Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock

Corporacion Inmobiliaria Vesta (NYSE:VTMX) had its price target lifted by equities research analysts at UBS Group from $35.00 to $39.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price target suggests a potential upside of 26.91% from the company’s current price.

Several other brokerages have also commented on VTMX. Scotiabank lowered shares of Corporacion Inmobiliaria Vesta from a “sector outperform” rating to a “hold” rating in a report on Wednesday, December 10th. Wall Street Zen raised Corporacion Inmobiliaria Vesta from a “sell” rating to a “hold” rating in a research report on Sunday, October 26th. Barclays raised their price target on Corporacion Inmobiliaria Vesta from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $33.33.

Corporacion Inmobiliaria Vesta Stock Performance

NYSE VTMX opened at $30.73 on Wednesday. The stock has a fifty day simple moving average of $29.82 and a 200-day simple moving average of $28.30. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.50. The stock has a market cap of $2.60 billion, a PE ratio of 1,536.55, a P/E/G ratio of 4.90 and a beta of 0.69. Corporacion Inmobiliaria Vesta has a twelve month low of $21.30 and a twelve month high of $32.21.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.21). The company had revenue of $72.43 million during the quarter, compared to analysts’ expectations of $1.30 billion. Corporacion Inmobiliaria Vesta had a net margin of 1.83% and a return on equity of 0.19%. Equities analysts anticipate that Corporacion Inmobiliaria Vesta will post 2.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of VTMX. Centersquare Investment Management LLC raised its position in Corporacion Inmobiliaria Vesta by 4.9% in the 3rd 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 in the last quarter. Lazard Asset Management LLC increased its stake in shares of Corporacion Inmobiliaria Vesta by 6.6% during the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock worth $8,803,000 after buying an additional 19,967 shares during the period. BNP Paribas Financial Markets raised its holdings in Corporacion Inmobiliaria Vesta by 38.1% in the second 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 in the last quarter. ABC Arbitrage SA lifted its stake in Corporacion Inmobiliaria Vesta by 252.0% in the second quarter. ABC Arbitrage SA now owns 199,263 shares of the company’s stock worth $5,458,000 after acquiring an additional 142,660 shares during the last quarter. Finally, Anson Funds Management LP acquired a new position in Corporacion Inmobiliaria Vesta during the 1st quarter worth approximately $1,251,000. 6.61% of the stock is owned by institutional investors and hedge funds.

About Corporacion 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.