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

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $22.40 and last traded at $22.48, with a volume of 9704 shares changing hands. The stock had previously closed at $22.89.

Analyst Upgrades and Downgrades

Separately, Barclays reduced their price objective on Corporación Inmobiliaria Vesta from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Thursday, March 6th.

Corporación Inmobiliaria Vesta Stock Down 3.3 %

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 business’s 50 day moving average price is $25.05 and its 200 day moving average price is $25.68. The firm has a market cap of $19.12 billion, a price-to-earnings ratio of 9.46 and a beta of 1.04.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last issued 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 firm had revenue of $65.20 million during the quarter, compared to analyst estimates of $66.43 million. Corporación Inmobiliaria Vesta had a return on equity of 8.52% and a net margin of 88.52%. On average, equities analysts forecast that Corporación Inmobiliaria Vesta, S.A.B. de C.V. will post 2.2 EPS for the current year.

Institutional Investors Weigh In On Corporación Inmobiliaria Vesta

A number of large investors have recently made changes to their positions in VTMX. BNP Paribas Financial Markets purchased a new position in shares of Corporación Inmobiliaria Vesta during the 4th quarter worth $490,000. Marshall Wace LLP raised its position in Corporación Inmobiliaria Vesta by 12.5% in the fourth quarter. Marshall Wace LLP now owns 168,194 shares of the company’s stock valued at $4,306,000 after purchasing an additional 18,682 shares during the period. Finally, Centersquare Investment Management LLC lifted its stake in 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 in the last quarter. 6.61% of the stock is currently owned by hedge funds and other institutional investors.

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.