Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock Rating Lowered by Wall Street Zen

Corporacion Inmobiliaria Vesta (NYSE:VTMX) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

A number of other analysts have also recently weighed in on VTMX. UBS Group decreased their price target on shares of Corporacion Inmobiliaria Vesta from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Monday, September 15th. Zacks Research upgraded shares of Corporacion Inmobiliaria Vesta from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 14th. Finally, Barclays increased their price target on shares of Corporacion Inmobiliaria Vesta from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $31.33.

Corporacion Inmobiliaria Vesta Trading Up 0.8%

NYSE VTMX opened at $27.89 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.82 and a quick ratio of 1.82. The firm’s fifty day moving average price is $27.72 and its 200 day moving average price is $26.75. The company has a market capitalization of $24.10 billion, a price-to-earnings ratio of 146.81, a price-to-earnings-growth ratio of 4.52 and a beta of 0.68. Corporacion Inmobiliaria Vesta has a 12 month low of $21.30 and a 12 month high of $30.07.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its earnings results on Thursday, July 24th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates 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. On average, sell-side analysts expect that Corporacion Inmobiliaria Vesta will post 2.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

Institutional investors have recently modified their holdings of the company. ABC Arbitrage SA acquired a new position in shares of Corporacion Inmobiliaria Vesta in the first quarter valued at approximately $1,291,000. Anson Funds Management LP acquired a new stake in shares of Corporacion Inmobiliaria Vesta in the first quarter worth approximately $1,251,000. Lazard Asset Management LLC lifted its position 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 valued at $8,803,000 after buying an additional 19,967 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position 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 valued at $1,017,000 after buying an additional 10,236 shares in the last quarter. Institutional investors and hedge funds own 6.61% of the company’s stock.

About Corporacion Inmobiliaria Vesta

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.