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

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.

Wall Street Zen cut shares of Corporacion Inmobiliaria Vesta (NYSE:VTMX - Free Report) from a hold rating to a sell rating in a report published on Saturday.

VTMX has been the topic of a number of other research reports. Scotiabank raised Corporacion Inmobiliaria Vesta to a "strong-buy" rating in a report on Sunday, April 13th. UBS Group reduced their target price on Corporacion Inmobiliaria Vesta from $38.00 to $36.00 and set a "buy" rating on the stock in a report on Friday, July 18th. Finally, Barclays raised their target price on Corporacion Inmobiliaria Vesta from $34.00 to $37.00 and gave the company an "overweight" rating in a report on Monday, June 23rd. Two analysts have rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $31.67.

Corporacion Inmobiliaria Vesta Price Performance

NYSE:VTMX traded up $0.73 during trading hours on Friday, reaching $27.76. 135,365 shares of the company were exchanged, compared to its average volume of 159,805. The company has a market capitalization of $23.98 billion, a P/E ratio of 146.11, a P/E/G ratio of 4.39 and a beta of 0.68. Corporacion Inmobiliaria Vesta has a 1-year low of $21.30 and a 1-year high of $30.73. 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 business has a 50 day moving average of $27.49 and a 200 day moving average of $25.88.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.18). The business had revenue of $62.20 million during the quarter, compared to analyst estimates of $1.43 billion. Corporacion Inmobiliaria Vesta had a net margin of 12.15% and a return on equity of 1.24%. Research analysts forecast that Corporacion Inmobiliaria Vesta will post 2.2 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VTMX. BNP Paribas Financial Markets acquired a new position in shares of Corporacion Inmobiliaria Vesta in the 4th quarter valued at about $490,000. Anson Funds Management LP bought a new stake in Corporacion Inmobiliaria Vesta in the 1st quarter valued at about $1,251,000. ABC Arbitrage SA bought a new stake in Corporacion Inmobiliaria Vesta in the 1st quarter valued at about $1,291,000. Marshall Wace LLP increased 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 valued at $4,306,000 after buying an additional 18,682 shares in the last quarter. Finally, Centersquare Investment Management LLC increased 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 valued at $11,321,000 after buying an additional 34,620 shares in the last quarter. 6.61% of the stock is owned by 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.