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

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

Other analysts also recently issued research reports about the company. UBS Group boosted their price objective on Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday. Barclays lifted their target price on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Weiss Ratings restated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Friday, May 22nd. Finally, Zacks Research upgraded shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $42.00.

Corporacion Inmobiliaria Vesta Stock Down 0.2%

Shares of Corporacion Inmobiliaria Vesta stock opened at $33.79 on Friday. The stock’s fifty day moving average is $34.92 and its 200-day moving average is $33.31. The firm has a market capitalization of $2.86 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 3.06 and a beta of 0.64. The company has a quick ratio of 5.66, a current ratio of 5.66 and a debt-to-equity ratio of 0.41. Corporacion Inmobiliaria Vesta has a 12-month low of $24.99 and a 12-month high of $37.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $73.32 million. Equities analysts anticipate that Corporacion Inmobiliaria Vesta will post 2.52 earnings per share for the current year.

Insider Activity

In other Corporacion Inmobiliaria Vesta news, Director Corona Lorenzo Manuel Berho sold 1,000,000 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $3.41, for a total transaction of $3,410,000.00. Following the completion of the sale, the director directly owned 21,374,883 shares in the company, valued at approximately $72,888,351.03. This trade represents a 4.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Achutegui Juan Felipe Sottil sold 97,488 shares of Corporacion Inmobiliaria Vesta stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $3.49, for a total value of $340,233.12. Following the transaction, the chief financial officer directly owned 1,254,120 shares in the company, valued at approximately $4,376,878.80. This trade represents a 7.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,272,984 shares of company stock valued at $7,817,016 in the last ninety days.

Institutional Trading of Corporacion Inmobiliaria Vesta

Several institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its position in 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 increased its stake in Corporacion Inmobiliaria Vesta by 148.8% in the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock valued at $4,401,000 after buying an additional 86,328 shares during the period. Lazard Asset Management LLC lifted its position 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 worth $8,803,000 after buying an additional 19,967 shares in the last quarter. Finally, Centersquare Investment Management LLC lifted 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 worth $10,357,000 after buying an additional 17,110 shares in the last quarter. 6.61% of the stock is currently owned by institutional investors and hedge funds.

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.