Corporacion Inmobiliaria Vesta (NYSE:VTMX – Get Free Report) had its price target hoisted by equities researchers at Barclays from $40.00 to $41.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 14.97% from the stock’s previous close.
Several other equities analysts have also recently issued reports on VTMX. Zacks Research upgraded shares of Corporacion Inmobiliaria Vesta from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Wall Street Zen upgraded shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Finally, Weiss Ratings upgraded shares of Corporacion Inmobiliaria Vesta from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, February 24th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Corporacion Inmobiliaria Vesta presently has an average rating of “Hold” and a consensus target price of $40.00.
View Our Latest Research Report on Corporacion Inmobiliaria Vesta
Corporacion Inmobiliaria Vesta Stock Performance
Corporacion Inmobiliaria Vesta (NYSE:VTMX – Get Free Report) last posted its earnings results on Thursday, April 23rd. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.85. The business had revenue of $76.70 million for the quarter, compared to analysts’ expectations of $73.32 million. Corporacion Inmobiliaria Vesta had a net margin of 111.99% and a return on equity of 12.23%. On average, research analysts expect that Corporacion Inmobiliaria Vesta will post 1.7 EPS for the current year.
Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta
Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its holdings 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 buying an additional 10,236 shares in the last quarter. ABC Arbitrage SA grew its holdings 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 buying an additional 86,328 shares in the last quarter. Lazard Asset Management LLC grew its holdings 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 buying an additional 19,967 shares in the last quarter. Finally, Centersquare Investment Management LLC grew its holdings 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 buying an additional 17,110 shares in the last quarter. 6.61% of the stock is 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.
Further Reading
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