Corporación Inmobiliaria Vesta (NYSE:VTMX) Sets New 52-Week Low – Time to Sell?

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX)’s stock price reached a new 52-week low on Friday . The company traded as low as $23.14 and last traded at $23.34, with a volume of 93717 shares trading hands. The stock had previously closed at $23.66.

Analyst Ratings Changes

Separately, Barclays reduced their price objective on shares of Corporación Inmobiliaria Vesta from $38.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th.

Corporación Inmobiliaria Vesta Stock Performance

The business’s fifty day moving average price is $25.39 and its 200-day moving average price is $25.99. The company has a debt-to-equity ratio of 0.31, a quick ratio of 4.59 and a current ratio of 2.68. The stock has a market cap of $20.16 billion, a PE ratio of 9.97 and a beta of 0.95.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings results on Tuesday, February 18th. The company reported ($0.76) earnings per share (EPS) 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 net margin of 88.52% and a return on equity of 8.52%. As a group, equities research analysts forecast that Corporación Inmobiliaria Vesta, S.A.B. de C.V. will post 2.2 EPS for the current fiscal year.

Institutional Trading of Corporación Inmobiliaria Vesta

A number of institutional investors have recently made changes to their positions in VTMX. BNP Paribas Financial Markets purchased a new position in shares of Corporación Inmobiliaria Vesta in the fourth quarter worth approximately $490,000. Marshall Wace LLP boosted its holdings in shares of Corporación Inmobiliaria Vesta by 12.5% in 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 during the last quarter. Finally, Centersquare Investment Management LLC boosted 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 during the last quarter. Hedge funds and other institutional investors own 6.61% of the company’s stock.

About Corporación Inmobiliaria Vesta

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.