Corporacion Inmobiliaria Vesta (NYSE:VTMX) Rating Lowered to Hold at Scotiabank

Corporacion Inmobiliaria Vesta (NYSE:VTMX) was downgraded by equities researchers at Scotiabank from a “sector outperform” rating to a “hold” rating in a research note issued to investors on Wednesday, Marketbeat reports.

Other equities analysts have also issued reports about the company. Zacks Research upgraded Corporacion Inmobiliaria Vesta from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 14th. Barclays boosted their price objective on shares of Corporacion Inmobiliaria Vesta from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Corporacion Inmobiliaria Vesta from a “sell” rating to a “hold” rating in a report on Sunday, October 26th. Finally, UBS Group decreased their price target on shares of Corporacion Inmobiliaria Vesta from $36.00 to $35.00 and set a “buy” rating for the company in a report on Monday, September 15th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $32.00.

Corporacion Inmobiliaria Vesta Stock Performance

Shares of Corporacion Inmobiliaria Vesta stock opened at $30.95 on Wednesday. The firm has a fifty day moving average of $29.32 and a two-hundred day moving average of $28.22. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.97 and a current ratio of 2.97. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 1,547.65, a PEG ratio of 5.17 and a beta of 0.69. Corporacion Inmobiliaria Vesta has a 52 week low of $21.30 and a 52 week high of $32.17.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.21). The company had revenue of $72.43 million during the quarter, compared to the consensus estimate of $1.30 billion. Corporacion Inmobiliaria Vesta had a return on equity of 0.19% and a net margin of 1.83%. As a group, equities research analysts predict that Corporacion Inmobiliaria Vesta will post 2.2 EPS for the current year.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its holdings in 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 purchasing an additional 10,236 shares in the last quarter. Anson Funds Management LP acquired a new position in shares of Corporacion Inmobiliaria Vesta during the first quarter worth about $1,251,000. ABC Arbitrage SA grew its holdings in shares of Corporacion Inmobiliaria Vesta by 252.0% during the second quarter. ABC Arbitrage SA now owns 199,263 shares of the company’s stock worth $5,458,000 after buying an additional 142,660 shares in the last quarter. Lazard Asset Management LLC grew its holdings 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 buying an additional 19,967 shares in the last quarter. Finally, Centersquare Investment Management LLC raised 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 valued at $10,357,000 after buying an additional 17,110 shares during the last quarter. 6.61% of the stock is owned by institutional investors.

Corporacion 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.