Barclays Lowers Corporación Inmobiliaria Vesta (NYSE:VTMX) Price Target to $34.00

Corporación Inmobiliaria Vesta (NYSE:VTMX) had its target price dropped by equities researchers at Barclays from $35.00 to $34.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 40.44% from the company’s previous close.

Corporación Inmobiliaria Vesta Price Performance

Shares of VTMX opened at $24.21 on Thursday. 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 has a twelve month low of $22.56 and a twelve month high of $41.44. The company has a market capitalization of $20.92 billion, a P/E ratio of 10.35 and a beta of 1.04. The firm has a 50 day moving average of $25.23 and a 200 day moving average of $25.84.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last posted its earnings results on Tuesday, February 18th. The company reported ($0.76) EPS for the quarter, missing analysts’ consensus estimates 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. As a group, equities research analysts anticipate that Corporación Inmobiliaria Vesta will post 2.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VTMX. Centersquare Investment Management LLC boosted its stake in shares of Corporación Inmobiliaria Vesta by 8.5% during the 4th quarter. Centersquare Investment Management LLC now owns 442,212 shares of the company’s stock worth $11,321,000 after acquiring an additional 34,620 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Corporación Inmobiliaria Vesta by 12.5% during the 4th 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 in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of Corporación Inmobiliaria Vesta during the 4th quarter valued at $490,000. 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.