UBS Group Issues Positive Forecast for Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock Price

Corporacion Inmobiliaria Vesta (NYSE:VTMX) had its price target increased by research analysts at UBS Group from $39.00 to $43.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price target points to a potential upside of 26.39% from the stock’s previous close.

Several other research analysts have also issued reports on VTMX. Weiss Ratings reissued a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Friday, May 22nd. Barclays increased their target price on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Zacks Research raised Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Finally, Wall Street Zen upgraded Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.00.

Corporacion Inmobiliaria Vesta Stock Down 0.9%

Shares of NYSE:VTMX traded down $0.30 during trading on Thursday, hitting $34.02. The stock had a trading volume of 16,251 shares, compared to its average volume of 88,338. Corporacion Inmobiliaria Vesta has a 12 month low of $24.99 and a 12 month high of $37.41. The company has a market capitalization of $2.88 billion, a PE ratio of 8.80, a PEG ratio of 3.09 and a beta of 0.64. The firm’s fifty day moving average is $34.95 and its 200 day moving average is $33.29. The company has a quick ratio of 5.66, a current ratio of 5.66 and a debt-to-equity ratio of 0.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its earnings results on Wednesday, April 22nd. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.85. Corporacion Inmobiliaria Vesta had a return on equity of 12.23% and a net margin of 111.99%.The firm had revenue of $76.75 million during the quarter, compared to analyst estimates of $73.32 million. Analysts anticipate that Corporacion Inmobiliaria Vesta will post 2.52 EPS for the current fiscal year.

Insider Activity

In related news, insider Colmenares Sergio Raul Martin sold 34,239 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $3.42, for a total transaction of $117,097.38. Following the completion of the sale, the insider owned 1,800 shares of the company’s stock, valued at $6,156. This trade represents a 95.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mayorga Luis Felipe Cepeda sold 8,366 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $3.44, for a total value of $28,779.04. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 2,272,984 shares of company stock valued at $7,817,016.

Institutional Trading of Corporacion Inmobiliaria Vesta

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its stake in Corporacion Inmobiliaria Vesta by 38.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock valued at $1,017,000 after purchasing an additional 10,236 shares during the last quarter. ABC Arbitrage SA boosted its stake in Corporacion Inmobiliaria Vesta by 148.8% during the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock valued at $4,401,000 after purchasing an additional 86,328 shares during the last quarter. Lazard Asset Management LLC boosted its stake in Corporacion Inmobiliaria Vesta by 6.6% during the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock valued at $8,803,000 after purchasing an additional 19,967 shares during the last quarter. Finally, Centersquare Investment Management LLC boosted its stake in Corporacion Inmobiliaria Vesta by 4.9% during the 3rd quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock valued at $10,357,000 after purchasing an additional 17,110 shares during the last quarter. 6.61% of the stock is currently owned by hedge funds and other institutional investors.

Corporacion Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, trading as VTMX on the New York Stock Exchange, is a Mexico-based real estate investment trust (REIT) specializing in the development, acquisition and management of industrial properties. The company’s portfolio primarily consists of warehouses, distribution centers and manufacturing facilities tailored to multinational corporations, logistics operators and other businesses seeking modern, well-connected industrial space in Mexico.

Vesta’s core business activities include the design and construction of build-to-suit projects, the leasing of speculative and multi-tenant properties, and sale-leaseback transactions that convert existing facilities into long-term lease arrangements.