Corporacion Inmobiliaria Vesta (NYSE:VTMX) Upgraded at Wall Street Zen

Corporacion Inmobiliaria Vesta (NYSE:VTMX) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other research firms have also weighed in on VTMX. Scotiabank lowered shares of Corporacion Inmobiliaria Vesta from a “sector outperform” rating to a “hold” rating in a research note on Wednesday, December 10th. UBS Group upped their target price on shares of Corporacion Inmobiliaria Vesta from $35.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Weiss Ratings raised shares of Corporacion Inmobiliaria Vesta from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, February 24th. Finally, Zacks Research upgraded Corporacion Inmobiliaria Vesta from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $39.50.

Corporacion Inmobiliaria Vesta Price Performance

Shares of NYSE:VTMX opened at $32.70 on Friday. Corporacion Inmobiliaria Vesta has a twelve month low of $21.30 and a twelve month high of $37.41. The stock’s 50 day moving average is $33.11 and its 200-day moving average is $30.78. The company has a quick ratio of 4.84, a current ratio of 4.84 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 11.72 and a beta of 0.57.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings results on Saturday, February 14th. 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 the consensus estimate of $1.29 billion. Corporacion Inmobiliaria Vesta had a net margin of 85.41% and a return on equity of 9.33%. Sell-side analysts forecast that Corporacion Inmobiliaria Vesta will post 2.2 EPS for the current fiscal year.

Institutional Trading of Corporacion Inmobiliaria Vesta

Several institutional investors and hedge funds have recently made changes to their positions in VTMX. BNP Paribas Financial Markets lifted its position in shares of Corporacion Inmobiliaria Vesta by 38.1% during the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock valued at $1,017,000 after purchasing an additional 10,236 shares in the last quarter. ABC Arbitrage SA grew its position in Corporacion Inmobiliaria Vesta by 148.8% in the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock worth $4,401,000 after purchasing an additional 86,328 shares in the last quarter. Lazard Asset Management LLC increased its stake in 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 buying an additional 19,967 shares during the last quarter. Finally, Centersquare Investment Management LLC increased its stake 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 buying 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.