Corporacion Inmobiliaria Vesta (NYSE:VTMX) Raised 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 research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Sunday.

A number of other research analysts also recently weighed in on the company. Barclays raised their price target on Corporacion Inmobiliaria Vesta from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. UBS Group decreased their price target on Corporacion Inmobiliaria Vesta from $38.00 to $36.00 and set a "buy" rating for the company in a research note on Friday, July 18th. Finally, Zacks Research raised Corporacion Inmobiliaria Vesta from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Corporacion Inmobiliaria Vesta currently has an average rating of "Moderate Buy" and an average target price of $31.67.

Corporacion Inmobiliaria Vesta Stock Down 0.6%

NYSE:VTMX opened at $27.95 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.82 and a current ratio of 1.82. The company has a market cap of $24.14 billion, a PE ratio of 147.09, a PEG ratio of 4.57 and a beta of 0.68. Corporacion Inmobiliaria Vesta has a 52-week low of $21.30 and a 52-week high of $30.07. The stock has a 50-day simple moving average of $27.47 and a 200 day simple moving average of $26.50.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last posted 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 firm had revenue of $62.20 million for the quarter, compared to the consensus estimate of $1.43 billion. Corporacion Inmobiliaria Vesta had a return on equity of 1.24% and a net margin of 12.15%. Corporacion Inmobiliaria Vesta has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Corporacion Inmobiliaria Vesta will post 2.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets purchased a new stake in shares of Corporacion Inmobiliaria Vesta in the fourth quarter worth approximately $490,000. Anson Funds Management LP bought a new position in Corporacion Inmobiliaria Vesta during the first quarter valued at $1,251,000. ABC Arbitrage SA bought a new position in Corporacion Inmobiliaria Vesta during the first quarter valued at $1,291,000. Finally, Lazard Asset Management LLC boosted 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 acquiring an additional 19,967 shares during the period. 6.61% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.