Corporacion Inmobiliaria Vesta (NYSE:VTMX) Given "Sell (D+)" Rating at Weiss Ratings

Key Points

• Corporacion Inmobiliaria Vesta (NYSE:VTMX) has been given a "sell (D+)" rating by Weiss Ratings, reflecting ongoing concerns from analysts about the stock's performance.
• The company's price target saw mixed changes from brokerages, with Barclays raising it to $38.00 and UBS Group lowering it to $35.00, while the consensus rating remains a "Hold" with a target price of $31.33.
• Vesta recently reported a quarterly earnings miss, with earnings per share at $0.32, significantly below the consensus estimate of $0.50, and a revenue of $62.20 million compared to the expected $1.43 billion.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report)'s stock had its "sell (d+)" rating reissued by equities research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other brokerages have also recently commented on VTMX. Barclays upped their price target on shares of Corporacion Inmobiliaria Vesta from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. UBS Group cut their price target on shares of Corporacion Inmobiliaria Vesta from $36.00 to $35.00 and set a "buy" rating on the stock in a research report on Monday, September 15th. Zacks Research raised shares of Corporacion Inmobiliaria Vesta from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 14th. Finally, Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a "sell" rating to a "hold" rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Corporacion Inmobiliaria Vesta currently has a consensus rating of "Hold" and a consensus target price of $31.33.

Corporacion Inmobiliaria Vesta Price Performance

Shares of NYSE:VTMX traded up $0.02 during trading on Wednesday, hitting $26.36. 17,779 shares of the company were exchanged, compared to its average volume of 179,007. The business's 50 day moving average is $27.84 and its 200-day moving average is $26.94. The company has a market capitalization of $22.77 billion, a P/E ratio of 138.79, a price-to-earnings-growth ratio of 4.35 and a beta of 0.69. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.35. Corporacion Inmobiliaria Vesta has a 1-year low of $21.30 and a 1-year high of $30.07.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last issued its quarterly earnings data 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). Corporacion Inmobiliaria Vesta had a return on equity of 1.24% and a net margin of 12.15%.The business had revenue of $62.20 million during the quarter, compared to the consensus estimate of $1.43 billion. Corporacion Inmobiliaria Vesta has set its FY 2025 guidance at EPS. Equities analysts forecast that Corporacion Inmobiliaria Vesta will post 2.2 earnings per share for the current year.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

A number of institutional investors and hedge funds have recently made changes to their positions in VTMX. ABC Arbitrage SA boosted its position in shares of Corporacion Inmobiliaria Vesta by 252.0% during the 2nd 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 in the last quarter. Anson Funds Management LP bought a new position in shares of Corporacion Inmobiliaria Vesta during the 1st quarter worth about $1,251,000. Lazard Asset Management LLC boosted its position in shares of Corporacion Inmobiliaria Vesta by 6.6% during the 2nd 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 in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Corporacion Inmobiliaria Vesta by 38.1% during the 2nd 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 in 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.

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