Corporación Inmobiliaria Vesta (NYSE:VTMX) Reaches New 1-Year Low – Here’s Why

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) hit a new 52-week low on Thursday . The company traded as low as $22.40 and last traded at $22.48, with a volume of 9704 shares changing hands. The stock had previously closed at $22.89.

Analyst Upgrades and Downgrades

Separately, Barclays lowered their target price 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.

Corporación Inmobiliaria Vesta Price Performance

The company has a current ratio of 2.68, a quick ratio of 4.59 and a debt-to-equity ratio of 0.31. The firm’s 50-day moving average price is $25.05 and its two-hundred day moving average price is $25.68. The stock has a market cap of $19.12 billion, a PE ratio of 9.46 and a beta of 1.04.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last posted its 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 company had revenue of $65.20 million for the quarter, compared to analysts’ expectations of $66.43 million. Corporación Inmobiliaria Vesta had a return on equity of 8.52% and a net margin of 88.52%. On average, equities analysts expect 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 and hedge funds have recently added to or reduced their stakes in VTMX. Centersquare Investment Management LLC raised its stake in Corporación Inmobiliaria Vesta by 8.5% in the fourth quarter. Centersquare Investment Management LLC now owns 442,212 shares of the company’s stock valued at $11,321,000 after buying an additional 34,620 shares during the last quarter. Marshall Wace LLP boosted its stake 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 acquired a new stake in Corporación Inmobiliaria Vesta in the 4th quarter worth approximately $490,000. 6.61% of the stock is currently owned by hedge funds and other institutional investors.

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.