Corporación Inmobiliaria Vesta (NYSE:VTMX) Downgraded to “Strong Sell” Rating by The Goldman Sachs Group

The Goldman Sachs Group cut shares of Corporación Inmobiliaria Vesta (NYSE:VTMX) from a hold rating to a strong sell rating in a report released on Monday,Zacks.com reports.

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

Corporación Inmobiliaria Vesta Stock Performance

NYSE VTMX opened at $23.84 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.68 and a quick ratio of 4.59. The company has a market cap of $20.60 billion, a P/E ratio of 10.19 and a beta of 1.04. The stock has a 50-day moving average of $24.80 and a two-hundred day moving average of $25.43. Corporación Inmobiliaria Vesta has a 1-year low of $22.10 and a 1-year high of $41.44.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings results on Tuesday, February 18th. The company reported ($0.76) earnings per share 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 analyst estimates of $66.43 million. Corporación Inmobiliaria Vesta had a net margin of 88.52% and a return on equity of 8.52%. As a group, analysts anticipate that Corporación Inmobiliaria Vesta will post 2.2 EPS for the current year.

Institutional Trading of Corporación Inmobiliaria Vesta

Several hedge funds and other institutional investors have recently made changes to their positions in VTMX. BNP Paribas Financial Markets purchased a new stake in shares of Corporación Inmobiliaria Vesta in the fourth quarter valued at approximately $490,000. Marshall Wace LLP increased its holdings in Corporación Inmobiliaria Vesta by 12.5% in the fourth quarter. Marshall Wace LLP now owns 168,194 shares of the company’s stock valued at $4,306,000 after buying an additional 18,682 shares in the last quarter. Finally, Centersquare Investment Management LLC raised its holdings in Corporación Inmobiliaria Vesta by 8.5% during the fourth quarter. Centersquare Investment Management LLC now owns 442,212 shares of the company’s stock worth $11,321,000 after purchasing an additional 34,620 shares during the last quarter. Hedge funds and other 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.