Corporacion Inmobiliaria Vesta (NYSE:VTMX) Rating Lowered to Sell at Wall Street Zen

Corporacion Inmobiliaria Vesta (NYSE:VTMX) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Several other equities analysts have also recently weighed in on VTMX. Zacks Research upgraded Corporacion Inmobiliaria Vesta from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 14th. UBS Group reduced their price target on Corporacion Inmobiliaria Vesta from $36.00 to $35.00 and set a “buy” rating for the company in a research report on Monday, September 15th. Barclays boosted their target price on Corporacion Inmobiliaria Vesta from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $31.33.

Corporacion Inmobiliaria Vesta Price Performance

Shares of NYSE VTMX opened at $26.38 on Friday. The stock has a market cap of $22.79 billion, a PE ratio of 138.84, a price-to-earnings-growth ratio of 4.29 and a beta of 0.69. Corporacion Inmobiliaria Vesta has a fifty-two week low of $21.30 and a fifty-two week high of $30.07. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.82 and a current ratio of 1.82. The stock has a fifty day moving average of $27.51 and a 200-day moving average of $27.11.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.18). The company had revenue of $62.20 million during the quarter, compared to analysts’ expectations of $1.43 billion. Corporacion Inmobiliaria Vesta had a net margin of 12.15% and a return on equity of 1.24%. Corporacion Inmobiliaria Vesta has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Corporacion Inmobiliaria Vesta will post 2.2 earnings per share for the current year.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

Several hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its stake in Corporacion Inmobiliaria Vesta by 6.6% during the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock worth $8,803,000 after purchasing an additional 19,967 shares during the last quarter. ABC Arbitrage SA lifted its stake in Corporacion Inmobiliaria Vesta by 252.0% during the second quarter. ABC Arbitrage SA now owns 199,263 shares of the company’s stock worth $5,458,000 after purchasing an additional 142,660 shares during the last quarter. Anson Funds Management LP bought a new stake in Corporacion Inmobiliaria Vesta during the first quarter worth about $1,251,000. Finally, BNP Paribas Financial Markets lifted its stake in Corporacion Inmobiliaria Vesta by 38.1% during the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock worth $1,017,000 after purchasing an additional 10,236 shares during the last quarter. Institutional investors own 6.61% of the company’s stock.

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.