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

Key Points

• Corporacion Inmobiliaria Vesta has been downgraded from a "hold" rating to a "sell" rating by investment analysts at Wall Street Zen.
• Despite this downgrade, Barclays increased its price target for the stock from $37.00 to $38.00, maintaining an "overweight" rating.
• The company reported lower-than-expected earnings per share of $0.32, missing estimates by $0.18, and generated revenue of $62.20 million against a consensus estimate of $1.43 billion.

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

A number of other analysts have also commented on the company. Barclays boosted their price objective on Corporacion Inmobiliaria Vesta from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. 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. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Corporacion Inmobiliaria Vesta in a research report on Wednesday, October 8th. Finally, UBS Group decreased their price objective 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. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $31.33.

Corporacion Inmobiliaria Vesta Price Performance

VTMX stock opened at $26.38 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. Corporacion Inmobiliaria Vesta has a 1 year low of $21.30 and a 1 year high of $30.07. The company's 50-day moving average is $27.51 and its 200-day moving average is $27.07. The stock has a market capitalization of $22.79 billion, a PE ratio of 138.84, a price-to-earnings-growth ratio of 4.26 and a beta of 0.69.

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 (EPS) for the quarter, missing analysts' consensus estimates 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 firm 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 research analysts expect that Corporacion Inmobiliaria Vesta will post 2.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC increased its holdings in shares of Corporacion Inmobiliaria Vesta by 6.6% in 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 period. 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 valued at $5,458,000 after acquiring an additional 142,660 shares during the last quarter. Anson Funds Management LP bought a new stake in shares of Corporacion Inmobiliaria Vesta during the 1st quarter valued at about $1,251,000. Finally, BNP Paribas Financial Markets increased its position in shares of Corporacion Inmobiliaria Vesta by 38.1% in 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. Hedge funds and other institutional investors 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.

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