Corporacion Inmobiliaria Vesta (NYSE:VTMX) Price Target Raised to $37.00 at Barclays

Corporacion Inmobiliaria Vesta (NYSE:VTMX) had its target price raised by stock analysts at Barclays from $34.00 to $37.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 37.09% from the stock’s previous close.

A number of other analysts have also commented on the stock. The Goldman Sachs Group reiterated a “sell” rating and issued a $21.00 price target (down from $31.00) on shares of Corporacion Inmobiliaria Vesta in a research note on Tuesday, March 25th. Scotiabank raised Corporacion Inmobiliaria Vesta to a “strong-buy” rating in a report on Sunday, April 13th.

Corporacion Inmobiliaria Vesta Stock Up 0.4%

Shares of NYSE:VTMX traded up $0.10 during trading on Monday, reaching $26.99. 10,313 shares of the stock traded hands, compared to its average volume of 194,641. The stock has a market cap of $23.32 billion, a P/E ratio of 24.53, a price-to-earnings-growth ratio of 4.37 and a beta of 0.77. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a 50-day moving average of $27.53 and a two-hundred day moving average of $25.67. Corporacion Inmobiliaria Vesta has a 52-week low of $21.30 and a 52-week high of $32.84.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its earnings results on Wednesday, April 23rd. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.33). The business had revenue of $60.60 million for the quarter, compared to analysts’ expectations of $1.46 billion. Corporacion Inmobiliaria Vesta had a net margin of 43.85% and a return on equity of 4.34%. As a group, sell-side analysts expect that Corporacion Inmobiliaria Vesta will post 2.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

A number of hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new stake in shares of Corporacion Inmobiliaria Vesta during the fourth quarter worth about $490,000. Marshall Wace LLP grew its holdings in Corporacion 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. Centersquare Investment Management LLC raised its position in shares of Corporacion Inmobiliaria Vesta by 8.5% during the fourth 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 during the last quarter. Anson Funds Management LP purchased a new position in shares of Corporacion Inmobiliaria Vesta in the first quarter worth $1,251,000. Finally, ABC Arbitrage SA bought a new position in shares of Corporacion Inmobiliaria Vesta during the first quarter worth $1,291,000. 6.61% of the stock is currently owned by institutional investors.

Corporacion 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.