Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock Rating Lowered by Zacks Research

Corporacion Inmobiliaria Vesta (NYSE:VTMX) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

VTMX has been the subject of several other reports. Wall Street Zen downgraded Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Friday, May 22nd. UBS Group boosted their price objective on shares of Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Finally, Barclays increased 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. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $42.00.

Corporacion Inmobiliaria Vesta Stock Down 0.8%

VTMX stock opened at $34.70 on Monday. Corporacion Inmobiliaria Vesta has a 52-week low of $24.99 and a 52-week high of $37.41. The company’s 50 day simple moving average is $34.49 and its 200-day simple moving average is $33.58. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.66 and a quick ratio of 5.66. The firm has a market capitalization of $2.94 billion, a P/E ratio of 8.97, a P/E/G ratio of 3.16 and a beta of 0.64.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its earnings results on Wednesday, April 22nd. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.85. The company had revenue of $76.75 million for the quarter, compared to the consensus estimate of $73.32 million. Corporacion Inmobiliaria Vesta had a net margin of 111.99% and a return on equity of 12.23%. As a group, equities research analysts anticipate that Corporacion Inmobiliaria Vesta will post 2.52 EPS for the current year.

Insider Activity at Corporacion Inmobiliaria Vesta

In other news, CFO Achutegui Juan Felipe Sottil sold 97,488 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $3.49, for a total value of $340,233.12. Following the completion of the sale, the chief financial officer directly owned 1,254,120 shares in the company, valued at approximately $4,376,878.80. The trade was a 7.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Romero Alejandro Pucheu sold 120,000 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $3.44, for a total transaction of $412,800.00. Following the transaction, the insider directly owned 462,287 shares of the company’s stock, valued at approximately $1,590,267.28. This represents a 20.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,384,697 shares of company stock worth $8,202,933 over the last quarter.

Institutional Trading of Corporacion Inmobiliaria Vesta

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ABC Arbitrage SA increased its position in 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 acquiring an additional 86,328 shares during the period. Lazard Asset Management LLC boosted its holdings 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 purchasing an additional 19,967 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Corporacion Inmobiliaria Vesta by 38.1% in 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 during the last quarter. Institutional investors and hedge funds own 6.61% of the company’s stock.

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.