Corporacion Inmobiliaria Vesta (NYSE:VTMX) Downgraded by Wall Street Zen to Sell

Key Points

• Corporacion Inmobiliaria Vesta has been downgraded by Wall Street Zen from a "hold" rating to a "sell" rating, reflecting a shift in analyst sentiment.
• Despite the downgrade, some analysts like Scotiabank have upgraded their ratings to "strong-buy," indicating mixed views on the stock.
• The company's recent quarterly earnings reported $0.32 EPS, which missed consensus estimates of $0.50, highlighting potential financial concerns.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

Several other analysts have also recently commented on the stock. Scotiabank upgraded shares of Corporacion Inmobiliaria Vesta to a "strong-buy" rating in a research note on Sunday, April 13th. UBS Group decreased their price target on shares of Corporacion Inmobiliaria Vesta from $38.00 to $36.00 and set a "buy" rating on the stock in a research note on Friday, July 18th. Finally, Barclays boosted their price target on shares of Corporacion Inmobiliaria Vesta from $34.00 to $37.00 and gave the stock an "overweight" rating in a research note on Monday, June 23rd. Two research analysts have rated the stock with a sell rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $31.33.

Corporacion Inmobiliaria Vesta Trading Up 0.5%

Shares of Corporacion Inmobiliaria Vesta stock opened at $26.66 on Friday. The company has a market capitalization of $23.04 billion, a P/E ratio of 140.34, a P/E/G ratio of 4.31 and a beta of 0.68. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.13 and a current ratio of 1.13. The company has a fifty day moving average of $27.54 and a 200 day moving average of $25.84. Corporacion Inmobiliaria Vesta has a fifty-two week low of $21.30 and a fifty-two week high of $30.73.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.32 EPS 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 return on equity of 1.23% and a net margin of 12.15%. On average, sell-side analysts anticipate that Corporacion Inmobiliaria Vesta will post 2.2 earnings per share for the current fiscal year.

Institutional Trading of Corporacion Inmobiliaria Vesta

Several hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets purchased a new stake in Corporacion Inmobiliaria Vesta in the 4th quarter worth about $490,000. Marshall Wace LLP raised its position in Corporacion Inmobiliaria Vesta by 12.5% in the 4th quarter. Marshall Wace LLP now owns 168,194 shares of the company's stock worth $4,306,000 after purchasing an additional 18,682 shares during the period. Centersquare Investment Management LLC raised its position in Corporacion Inmobiliaria Vesta by 8.5% in the 4th quarter. Centersquare Investment Management LLC now owns 442,212 shares of the company's stock worth $11,321,000 after purchasing an additional 34,620 shares during the period. Anson Funds Management LP purchased a new stake in Corporacion Inmobiliaria Vesta in the 1st quarter worth about $1,251,000. Finally, ABC Arbitrage SA purchased a new stake in Corporacion Inmobiliaria Vesta in the 1st quarter worth about $1,291,000. 6.61% of the stock is currently owned by hedge funds and other institutional investors.

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.

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