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

Corporación Inmobiliaria Vesta (NYSE:VTMX) was downgraded by stock analysts at The Goldman Sachs Group from a “hold” rating to a “strong sell” rating in a research report issued 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 Up 2.7 %

Shares of VTMX opened at $24.07 on Monday. Corporación Inmobiliaria Vesta has a 12 month low of $22.10 and a 12 month high of $41.44. The company has a 50-day moving average price of $24.81 and a two-hundred day moving average price of $25.45. 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 cap of $20.79 billion, a price-to-earnings ratio of 10.29 and a beta of 1.04.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings data 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). Corporación Inmobiliaria Vesta had a return on equity of 8.52% and a net margin of 88.52%. The company had revenue of $65.20 million during the quarter, compared to the consensus estimate of $66.43 million. Equities analysts predict that Corporación Inmobiliaria Vesta will post 2.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Corporación Inmobiliaria Vesta

Hedge funds have recently modified their holdings of the business. Centersquare Investment Management LLC boosted its position 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 valued at $11,321,000 after acquiring an additional 34,620 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Corporación Inmobiliaria Vesta during the fourth quarter worth approximately $490,000. Finally, Marshall Wace LLP grew its holdings 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 valued at $4,306,000 after buying an additional 18,682 shares during the last quarter. Institutional investors and hedge funds 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.