Corporación Inmobiliaria Vesta (NYSE:VTMX) Sets New 52-Week Low – Time to Sell?

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $23.14 and last traded at $23.34, with a volume of 93717 shares changing hands. The stock had previously closed at $23.66.

Analyst Upgrades and Downgrades

Separately, Barclays dropped their price target on shares of Corporación Inmobiliaria Vesta from $38.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th.

Corporación Inmobiliaria Vesta Stock Down 1.4 %

The firm has a market cap of $20.16 billion, a PE ratio of 9.97 and a beta of 0.95. The company has a debt-to-equity ratio of 0.31, a quick ratio of 4.59 and a current ratio of 2.68. The company’s 50-day simple moving average is $25.39 and its two-hundred day simple moving average is $25.99.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings results on Tuesday, February 18th. The company reported ($0.76) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($1.10). The firm had revenue of $65.20 million for the quarter, compared to analysts’ expectations of $66.43 million. Corporación Inmobiliaria Vesta had a net margin of 88.52% and a return on equity of 8.52%. On average, analysts predict that Corporación Inmobiliaria Vesta, S.A.B. de C.V. will post 2.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VTMX. Centersquare Investment Management LLC raised its holdings in Corporación Inmobiliaria Vesta by 8.5% in the 4th 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 in the last quarter. Marshall Wace LLP raised its holdings in Corporación Inmobiliaria Vesta by 12.5% in the 4th quarter. Marshall Wace LLP now owns 168,194 shares of the company’s stock worth $4,306,000 after purchasing an additional 18,682 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in Corporación Inmobiliaria Vesta in the 4th quarter worth $490,000. 6.61% of the stock is currently owned by institutional investors.

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.