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

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 boosted by research analysts at Barclays from $37.00 to $38.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price objective points to a potential upside of 36.66% from the company's previous close.

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

Corporacion Inmobiliaria Vesta Stock Performance

Shares of NYSE:VTMX traded down $0.28 during mid-day trading on Tuesday, reaching $27.81. 17,543 shares of the company traded hands, compared to its average volume of 206,187. The company's 50 day moving average price is $27.40 and its 200-day moving average price is $25.93. The firm has a market cap of $24.02 billion, a PE ratio of 146.43, a PEG ratio of 4.49 and a beta of 0.68. 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 52 week low of $21.30 and a 52 week high of $30.73.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $62.20 million for the quarter, compared to the consensus estimate of $1.43 billion. Corporacion Inmobiliaria Vesta had a net margin of 12.15% and a return on equity of 1.24%. On average, equities 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 and other institutional investors have recently modified their holdings of the company. Anson Funds Management LP bought a new position in shares of Corporacion Inmobiliaria Vesta during the 1st quarter valued at approximately $1,251,000. ABC Arbitrage SA purchased a new stake in Corporacion Inmobiliaria Vesta during the 1st quarter valued at $1,291,000. BNP Paribas Financial Markets purchased a new stake in Corporacion Inmobiliaria Vesta during the 4th quarter valued at $490,000. Marshall Wace LLP raised its holdings in Corporacion Inmobiliaria Vesta by 12.5% during 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 during the period. Finally, Centersquare Investment Management LLC raised its holdings in Corporacion Inmobiliaria Vesta by 8.5% during 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 during the period. 6.61% of the stock is currently 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.