Corporacion Inmobiliaria Vesta (NYSE:VTMX) Rating Increased to Hold at Wall Street Zen

Key Points

• Corporacion Inmobiliaria Vesta has been upgraded from a "sell" rating to a "hold" by Wall Street Zen, indicating a more positive outlook for the stock.
• Barclays raised its price target for the company from $37.00 to $38.00, while UBS Group decreased it from $38.00 to $36.00, showing mixed sentiment among analysts.
• The company reported a Q2 earnings per share of $0.32, missing expectations, and its stock currently trades at $27.95 with an average target price of $31.67.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Sunday.

Several other equities analysts have also commented on VTMX. 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. UBS Group cut their price objective 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 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. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $31.33.

Corporacion Inmobiliaria Vesta Price Performance

NYSE:VTMX traded down $0.59 during trading hours on Friday, reaching $26.40. 172,952 shares of the company traded hands, compared to its average volume of 97,982. The firm's 50-day moving average is $27.49 and its 200-day moving average is $26.57. The stock has a market cap of $22.81 billion, a P/E ratio of 138.95, a P/E/G ratio of 4.38 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 1-year low of $21.30 and a 1-year high of $30.07.

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 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 company had revenue of $62.20 million for the quarter, compared to analysts' expectations 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 earnings per share for the current fiscal year.

Institutional Trading of Corporacion Inmobiliaria Vesta

Several institutional investors and hedge funds have recently bought and sold shares of VTMX. BNP Paribas Financial Markets acquired a new stake in Corporacion Inmobiliaria Vesta during the fourth quarter valued at approximately $490,000. ABC Arbitrage SA bought a new position in shares of Corporacion Inmobiliaria Vesta during the first quarter valued at approximately $1,291,000. Anson Funds Management LP bought a new position in shares of Corporacion Inmobiliaria Vesta during the first quarter valued at approximately $1,251,000. Finally, Lazard Asset Management LLC grew its holdings in shares of Corporacion Inmobiliaria Vesta by 6.6% during the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company's stock valued at $8,803,000 after purchasing an additional 19,967 shares during the last quarter. Institutional investors and hedge funds 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.