Corporación Inmobiliaria Vesta (NYSE:VTMX) Rating Lowered to Strong Sell at 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 note issued to investors on Monday,Zacks.com reports.

Separately, Barclays cut their target price on 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 Performance

Shares of VTMX stock opened at $24.07 on Monday. The stock’s 50-day moving average price is $24.81 and its 200 day moving average price is $25.45. Corporación Inmobiliaria Vesta has a 52-week low of $22.10 and a 52-week high of $41.44. The stock has a market capitalization of $20.79 billion, a PE ratio of 10.29 and a beta of 1.04. The company has a quick ratio of 4.59, a current ratio of 2.68 and a debt-to-equity ratio of 0.31.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.76) EPS for the quarter, missing the consensus estimate of $0.34 by ($1.10). Corporación Inmobiliaria Vesta had a net margin of 88.52% and a return on equity of 8.52%. The company had revenue of $65.20 million during the quarter, compared to analyst estimates of $66.43 million. As a group, equities research analysts forecast that Corporación Inmobiliaria Vesta will post 2.2 EPS for the current year.

Hedge Funds Weigh In On Corporación Inmobiliaria Vesta

Institutional investors have recently made changes to their positions in the stock. Centersquare Investment Management LLC grew its position 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 valued at $11,321,000 after buying an additional 34,620 shares in 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 during the period. Finally, BNP Paribas Financial Markets purchased a new position in shares of Corporación Inmobiliaria Vesta during the fourth quarter valued at $490,000. 6.61% of the stock is owned by 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.