Corporación Inmobiliaria Vesta (NYSE:VTMX) Rating Increased to Strong-Buy at Scotiabank

Scotiabank upgraded shares of Corporación Inmobiliaria Vesta (NYSE:VTMX) to a strong-buy rating in a research report report published on Sunday,Zacks.com reports.

Several other brokerages also recently weighed in on VTMX. Barclays dropped their target price on shares of Corporación Inmobiliaria Vesta from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Thursday, March 6th. The Goldman Sachs Group reiterated a “sell” rating and set a $21.00 target price (down previously from $31.00) on shares of Corporación Inmobiliaria Vesta in a research report on Tuesday, March 25th.

Corporación Inmobiliaria Vesta Stock Performance

Shares of VTMX opened at $22.96 on Friday. The business has a 50-day simple moving average of $23.97 and a two-hundred day simple moving average of $24.96. The company has a quick ratio of 4.59, a current ratio of 2.68 and a debt-to-equity ratio of 0.31. Corporación Inmobiliaria Vesta has a 52 week low of $21.30 and a 52 week high of $37.92. The stock has a market cap of $19.84 billion, a price-to-earnings ratio of 9.81 and a beta of 0.89.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new stake in shares of Corporación Inmobiliaria Vesta in the fourth quarter worth about $490,000. Marshall Wace LLP raised its holdings 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 worth $4,306,000 after acquiring an additional 18,682 shares in the last quarter. Finally, Centersquare Investment Management LLC boosted its position 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 acquiring an additional 34,620 shares during the last quarter. Hedge funds and other institutional investors own 6.61% of the company’s stock.

About Corporación Inmobiliaria Vesta

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.