Corporación Inmobiliaria Vesta (NYSE:VTMX) Upgraded by Scotiabank to Strong-Buy Rating

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.

A number of other equities analysts also recently issued reports on the company. Barclays lowered their price target on 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 restated a “sell” rating and set a $21.00 price objective (down previously from $31.00) on shares of Corporación Inmobiliaria Vesta in a research report on Tuesday, March 25th.

Corporación Inmobiliaria Vesta Trading Up 1.4 %

NYSE VTMX opened at $23.31 on Friday. Corporación Inmobiliaria Vesta has a 52 week low of $21.30 and a 52 week high of $37.92. The firm has a 50 day moving average of $24.04 and a two-hundred day moving average of $24.98. 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 stock has a market capitalization of $20.14 billion, a PE ratio of 9.96 and a beta of 0.89.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last issued 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 analyst estimates of $66.43 million. Corporación Inmobiliaria Vesta had a return on equity of 8.52% and a net margin of 88.52%. As a group, research analysts expect that Corporación Inmobiliaria Vesta will post 2.2 EPS for the current fiscal year.

Institutional Trading of Corporación Inmobiliaria Vesta

A number of large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new position in Corporación Inmobiliaria Vesta during the fourth quarter worth approximately $490,000. Marshall Wace LLP grew its position in shares of Corporación Inmobiliaria Vesta by 12.5% during the fourth 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 during the last quarter. Finally, Centersquare Investment Management LLC increased its holdings in shares of Corporación Inmobiliaria Vesta by 8.5% in 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 period. 6.61% of the stock is owned by institutional investors and hedge funds.

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.