Corporación Inmobiliaria Vesta (NYSE:VTMX) Price Target Lowered to $34.00 at Barclays

Corporación Inmobiliaria Vesta (NYSE:VTMX) had its price objective lowered by Barclays from $35.00 to $34.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Corporación Inmobiliaria Vesta Trading Up 3.7 %

NYSE VTMX opened at $24.60 on Thursday. The firm has a market capitalization of $21.25 billion, a P/E ratio of 10.51 and a beta of 1.04. The business has a fifty day simple moving average of $25.23 and a 200 day simple moving average of $25.84. Corporación Inmobiliaria Vesta has a 12 month low of $22.56 and a 12 month high of $41.44. The company has a current ratio of 2.68, a quick ratio of 4.59 and a debt-to-equity ratio of 0.31.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($1.10). The business had revenue of $65.20 million during the quarter, compared to the consensus estimate of $66.43 million. Corporación Inmobiliaria Vesta had a net margin of 88.52% and a return on equity of 8.52%. On average, analysts predict that Corporación Inmobiliaria Vesta will post 2.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets bought a new position in Corporación Inmobiliaria Vesta in the 4th quarter valued at $490,000. Marshall Wace LLP grew its stake in Corporación Inmobiliaria Vesta by 12.5% in the 4th quarter. Marshall Wace LLP now owns 168,194 shares of the company’s stock valued at $4,306,000 after purchasing an additional 18,682 shares during the period. Finally, Centersquare Investment Management LLC increased its holdings in Corporación Inmobiliaria Vesta by 8.5% in the 4th quarter. Centersquare Investment Management LLC now owns 442,212 shares of the company’s stock worth $11,321,000 after acquiring an additional 34,620 shares during the last quarter. Institutional investors own 6.61% of the company’s stock.

Corporación Inmobiliaria Vesta Company Profile

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.