Corporacion Inmobiliaria Vesta (NYSE:VTMX) Sees Strong Trading Volume - What's Next?

Key Points

• Shares of Corporacion Inmobiliaria Vesta experienced a significant trading volume increase of 133%, with 174,006 shares traded, priced at $28.46.
• Analysts have given mixed ratings, with Barclays raising their target price to $38.00 while Wall Street Zen downgraded it to a "sell," leading to an average rating of "Moderate Buy."
• The company reported a Q2 EPS of $0.32, missing expectations, with revenue falling significantly short at $62.20 million compared to forecasts of $1.43 billion.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) shares saw strong trading volume on Thursday . 174,006 shares traded hands during trading, an increase of 133% from the previous session's volume of 74,723 shares.The stock last traded at $28.46 and had previously closed at $28.00.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays upped 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. Zacks Research upgraded shares of Corporacion Inmobiliaria Vesta from a "strong sell" rating to a "hold" rating in a report on Thursday, August 14th. UBS Group decreased their price objective on Corporacion Inmobiliaria Vesta from $36.00 to $35.00 and set a "buy" rating for the company in a report on Monday. Finally, Wall Street Zen upgraded Corporacion Inmobiliaria Vesta from a "sell" rating to a "hold" rating in a research note on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $31.33.

Corporacion Inmobiliaria Vesta Price Performance

The company has a 50 day moving average of $27.46 and a 200-day moving average of $26.55. The firm has a market capitalization of $23.14 billion, a P/E ratio of 141.00, a P/E/G ratio of 4.54 and a beta of 0.69. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.35.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.32 earnings per share 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%. Corporacion Inmobiliaria Vesta has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.2 EPS for the current year.

Corporacion Inmobiliaria Vesta Announces Dividend

The business also recently announced an annual dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Monday, July 14th were given a dividend of $0.2009 per share. This represents a dividend yield of 80.0%. The ex-dividend date was Monday, July 14th. Corporacion Inmobiliaria Vesta's dividend payout ratio is presently 89.47%.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

A number of institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets raised its holdings in shares of Corporacion Inmobiliaria Vesta by 38.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company's stock worth $1,017,000 after buying an additional 10,236 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Corporacion Inmobiliaria Vesta by 6.6% during the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company's stock worth $8,803,000 after buying an additional 19,967 shares in the last quarter. Anson Funds Management LP acquired a new position in shares of Corporacion Inmobiliaria Vesta during the 1st quarter worth $1,251,000. Finally, ABC Arbitrage SA acquired a new position in shares of Corporacion Inmobiliaria Vesta during the 1st quarter worth $1,291,000. Institutional investors and hedge funds 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.