Corporacion Inmobiliaria Vesta (NYSE:VTMX) Price Target Raised to $38.00 at Barclays

Key Points

• Barclays has raised the price target for Corporacion Inmobiliaria Vesta (NYSE: VTMX) from $37.00 to $38.00, indicating a potential upside of 39.25% from its previous close.
• Despite the optimistic outlook from Barclays, other firms have issued mixed ratings, with two analysts rating it a sell and one a strong buy, alongside a consensus rating of "Hold".
• The company's latest earnings report revealed a significant miss on EPS, reporting $0.32 compared to the consensus estimate of $0.50, indicating potential challenges in revenue growth.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) had its price objective hoisted by equities research analysts at Barclays from $37.00 to $38.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's price target would suggest a potential upside of 35.67% from the stock's current price.

A number of other analysts have also weighed in on the stock. UBS Group dropped their target price on shares of Corporacion Inmobiliaria Vesta from $38.00 to $36.00 and set a "buy" rating for the company in a report on Friday, July 18th. Wall Street Zen lowered shares of Corporacion Inmobiliaria Vesta from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, Scotiabank upgraded shares of Corporacion Inmobiliaria Vesta to a "strong-buy" rating in a report on Sunday, April 13th. Two research analysts have rated the stock with a sell rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $31.67.

Corporacion Inmobiliaria Vesta Price Performance

VTMX traded down $0.08 during trading on Tuesday, reaching $28.01. The stock had a trading volume of 101,494 shares, compared to its average volume of 168,069. The stock has a market cap of $24.20 billion, a PE ratio of 147.42, a PEG ratio of 4.56 and a beta of 0.69. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.82 and a current ratio of 1.82. Corporacion Inmobiliaria Vesta has a one year low of $21.30 and a one year high of $30.73. The business has a 50-day moving average of $27.37 and a 200-day moving average of $25.96.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last released 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). Corporacion Inmobiliaria Vesta had a net margin of 12.15% and a return on equity of 1.24%. The firm had revenue of $62.20 million during the quarter, compared to the consensus estimate of $1.43 billion. As a group, equities research analysts anticipate that Corporacion Inmobiliaria Vesta will post 2.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new stake in Corporacion Inmobiliaria Vesta in the 4th quarter worth approximately $490,000. Marshall Wace LLP grew 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 grew 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 bought a new stake in Corporacion Inmobiliaria Vesta in the 1st quarter worth approximately $1,251,000. Finally, ABC Arbitrage SA bought a new stake in Corporacion Inmobiliaria Vesta in the 1st quarter worth approximately $1,291,000. 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.