Corporacion Inmobiliaria Vesta (NYSE:VTMX) Raised to Buy at Wall Street Zen

Corporacion Inmobiliaria Vesta (NYSE:VTMX) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

VTMX has been the subject of a number of other research reports. Scotiabank cut shares of Corporacion Inmobiliaria Vesta from a “sector outperform” rating to a “hold” rating in a research note on Wednesday, December 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Wednesday, January 21st. UBS Group boosted their price target on Corporacion Inmobiliaria Vesta from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, December 17th. Barclays upped their price objective on Corporacion Inmobiliaria Vesta from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Finally, Zacks Research downgraded Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 8th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Corporacion Inmobiliaria Vesta has an average rating of “Reduce” and an average price target of $33.33.

Corporacion Inmobiliaria Vesta Trading Up 6.9%

NYSE:VTMX opened at $35.98 on Friday. The company has a market capitalization of $3.04 billion, a PE ratio of 12.90 and a beta of 0.70. Corporacion Inmobiliaria Vesta has a 52-week low of $21.30 and a 52-week high of $36.22. The stock’s 50 day moving average price is $31.87 and its 200 day moving average price is $29.82. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.50.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings data on Thursday, February 19th. The company reported $2.01 earnings per share 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 the consensus estimate of $1.29 billion. Corporacion Inmobiliaria Vesta had a return on equity of 9.52% and a net margin of 85.41%. On average, research analysts anticipate that Corporacion Inmobiliaria Vesta will post 2.2 EPS for the current year.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its stake in shares of Corporacion Inmobiliaria Vesta by 38.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock worth $1,017,000 after acquiring an additional 10,236 shares in the last quarter. Centersquare Investment Management LLC raised its holdings in Corporacion Inmobiliaria Vesta by 4.9% during the third quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock worth $10,357,000 after purchasing an additional 17,110 shares during 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 worth $8,803,000 after purchasing an additional 19,967 shares in the last quarter. Finally, ABC Arbitrage SA grew its holdings in Corporacion Inmobiliaria Vesta by 148.8% in 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 during the last quarter. Institutional investors and hedge funds 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.