The Goldman Sachs Group Reiterates “Sell” Rating for Corporación Inmobiliaria Vesta (NYSE:VTMX)

The Goldman Sachs Group reissued their sell rating on shares of Corporación Inmobiliaria Vesta (NYSE:VTMX) in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a $21.00 price target on the stock, down from their previous price target of $31.00.

Separately, Barclays decreased their target price on Corporación Inmobiliaria Vesta from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Thursday, March 6th.

Corporación Inmobiliaria Vesta Price Performance

NYSE VTMX opened at $24.07 on Tuesday. The company has a 50-day moving average price of $24.81 and a 200-day moving average price of $25.45. Corporación Inmobiliaria Vesta has a 52 week low of $22.10 and a 52 week high of $41.44. The company has a quick ratio of 4.59, a current ratio of 2.68 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $20.79 billion, a P/E ratio of 10.29 and a beta of 1.04.

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

Institutional Investors Weigh In On Corporación Inmobiliaria Vesta

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new position in Corporación Inmobiliaria Vesta during the fourth quarter valued at approximately $490,000. Marshall Wace LLP raised its position in shares of Corporación Inmobiliaria Vesta by 12.5% during 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 lifted its stake in shares of Corporación Inmobiliaria Vesta by 8.5% during the 4th quarter. Centersquare Investment Management LLC now owns 442,212 shares of the company’s stock valued at $11,321,000 after buying an additional 34,620 shares in the last quarter. 6.61% of the stock is owned by hedge funds and other institutional investors.

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.