The Goldman Sachs Group Reiterates “Sell” Rating for Corporación Inmobiliaria Vesta (NYSE:VTMX)

Corporación Inmobiliaria Vesta (NYSE:VTMX)‘s stock had its “sell” rating restated by stock analysts at The Goldman Sachs Group in a report released on Tuesday,Benzinga reports. They presently have a $21.00 price objective on the stock, down from their previous price objective of $31.00. The Goldman Sachs Group’s price target would suggest a potential downside of 11.93% from the company’s previous close.

Separately, Barclays cut their price target on shares of Corporación Inmobiliaria Vesta from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, March 6th.

Corporación Inmobiliaria Vesta Stock Down 0.9 %

Shares of NYSE:VTMX opened at $23.84 on Tuesday. Corporación Inmobiliaria Vesta has a 52 week low of $22.10 and a 52 week high of $41.44. The company has a market capitalization of $20.60 billion, a PE ratio of 10.19 and a beta of 1.04. The company’s fifty day moving average is $24.80 and its 200-day moving average is $25.43. The company has a debt-to-equity ratio of 0.31, a quick ratio of 4.59 and a current ratio of 2.68.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last released 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 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%. Equities research analysts predict that Corporación Inmobiliaria Vesta will post 2.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Corporación Inmobiliaria Vesta

Several hedge funds have recently added to or reduced their stakes in VTMX. BNP Paribas Financial Markets bought a new stake in shares of Corporación Inmobiliaria Vesta during the fourth quarter worth approximately $490,000. Marshall Wace LLP grew its position in 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 buying an additional 18,682 shares in the last quarter. Finally, Centersquare Investment Management LLC increased its position in shares of Corporación Inmobiliaria Vesta by 8.5% in the fourth 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 during the period. 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.