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

Corporación Inmobiliaria Vesta (NYSE:VTMX)‘s stock had its “sell” rating reissued by stock analysts at The Goldman Sachs Group in a report issued on Tuesday,Benzinga reports. They currently have a $21.00 target price on the stock, down from their prior target price of $31.00. The Goldman Sachs Group’s target price indicates a potential downside of 11.93% from the stock’s current price.

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

Corporación Inmobiliaria Vesta Stock Performance

Shares of VTMX opened at $23.84 on Tuesday. 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 fifty day simple moving average is $24.80 and its two-hundred day simple moving average is $25.43. Corporación Inmobiliaria Vesta has a 12 month low of $22.10 and a 12 month high of $41.44. The stock has a market capitalization of $20.60 billion, a P/E ratio of 10.19 and a beta of 1.04.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last released 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 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 the consensus estimate of $66.43 million. As a group, analysts predict that Corporación Inmobiliaria Vesta will post 2.2 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace LLP raised its holdings in shares of 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. BNP Paribas Financial Markets bought a new stake in shares of Corporación Inmobiliaria Vesta during the fourth quarter valued at about $490,000. Finally, Centersquare Investment Management LLC lifted its holdings 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 buying an additional 34,620 shares in the last quarter. Hedge funds and other institutional investors 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.