Corporación Inmobiliaria Vesta (NYSE:VTMX) Price Target Lowered to $38.00 at Barclays

Corporación Inmobiliaria Vesta (NYSE:VTMX) had its price objective dropped by Barclays from $40.00 to $38.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 29.47% from the stock’s current price.

Corporación Inmobiliaria Vesta Trading Up 4.6 %

Shares of NYSE VTMX traded up $1.29 during midday trading on Wednesday, hitting $29.35. The company’s stock had a trading volume of 224,390 shares, compared to its average volume of 136,120. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $31.56 and its two-hundred day moving average is $35.13. Corporación Inmobiliaria Vesta has a 12-month low of $27.30 and a 12-month high of $41.44. The firm has a market cap of $25.36 billion and a P/E ratio of 5.87.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VTMX. M&T Bank Corp purchased a new position in Corporación Inmobiliaria Vesta during the 4th quarter worth $1,364,000. Centersquare Investment Management LLC raised its position in shares of Corporación Inmobiliaria Vesta by 19.0% in the 1st quarter. Centersquare Investment Management LLC now owns 281,677 shares of the company’s stock worth $11,053,000 after acquiring an additional 44,907 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of Corporación Inmobiliaria Vesta by 3,292.8% in the 1st quarter. Lazard Asset Management LLC now owns 336,600 shares of the company’s stock worth $13,208,000 after acquiring an additional 326,679 shares in the last quarter. 6.94% 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.