Corporacion Inmobiliaria Vesta (NYSE:VTMX) Upgraded by Wall Street Zen to “Buy” Rating

Corporacion Inmobiliaria Vesta (NYSE:VTMX) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

VTMX has been the subject of several other reports. Weiss Ratings upgraded Corporacion Inmobiliaria Vesta from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, February 24th. Barclays raised their price objective on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Finally, Zacks Research upgraded Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Corporacion Inmobiliaria Vesta currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Corporacion Inmobiliaria Vesta Price Performance

Shares of NYSE VTMX opened at $34.14 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 5.66 and a current ratio of 5.66. The company has a market cap of $2.89 billion, a PE ratio of 8.82, a P/E/G ratio of 3.37 and a beta of 0.67. The business has a 50-day simple moving average of $34.41 and a two-hundred day simple moving average of $32.80. Corporacion Inmobiliaria Vesta has a fifty-two week low of $24.99 and a fifty-two week high of $37.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its quarterly earnings results on Friday, April 24th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.85. Corporacion Inmobiliaria Vesta had a return on equity of 12.23% and a net margin of 111.99%.The business had revenue of $76.75 million during the quarter, compared to the consensus estimate of $73.32 million. As a group, equities analysts expect that Corporacion Inmobiliaria Vesta will post 2.3 EPS for the current fiscal year.

Insider Activity

In other news, Director Corona Lorenzo Manuel Berho sold 1,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $3.41, for a total value of $3,410,000.00. Following the completion of the sale, the director directly owned 21,374,883 shares in the company, valued at $72,888,351.03. The trade was a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CIO Bosch Rodrigo Cueto sold 51,001 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $3.41, for a total value of $173,913.41. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,251,001 shares of company stock worth $4,265,913 over the last three months.

Institutional Trading of Corporacion Inmobiliaria Vesta

Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets increased 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 worth $1,017,000 after purchasing an additional 10,236 shares in the last quarter. ABC Arbitrage SA increased its position in shares of 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 purchasing an additional 86,328 shares in the last quarter. Lazard Asset Management LLC increased its position 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 purchasing an additional 19,967 shares in the last quarter. Finally, Centersquare Investment Management LLC increased its position in shares of 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 in the last quarter. 6.61% of the stock is currently owned by hedge funds and other institutional investors.

Corporacion Inmobiliaria Vesta Company Profile

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.