Corporacion Inmobiliaria Vesta (NYSE:VTMX) Sees Strong Trading Volume - Here's Why

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.

Shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) saw an uptick in trading volume on Thursday . 174,006 shares changed hands during mid-day 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 Ratings Changes

A number of equities analysts have issued reports on the company. Barclays upped their target price on Corporacion Inmobiliaria Vesta from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Wall Street Zen cut Corporacion Inmobiliaria Vesta from a "hold" rating to a "sell" rating in a research note on Saturday, September 6th. Zacks Research upgraded Corporacion Inmobiliaria Vesta from a "strong sell" rating to a "hold" rating in a report on Thursday, August 14th. Finally, UBS Group dropped their target price 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. One equities research 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. Based on data from MarketBeat.com, Corporacion Inmobiliaria Vesta currently has an average rating of "Moderate Buy" and a consensus target price of $31.67.

Corporacion Inmobiliaria Vesta Stock Performance

The company has a 50-day moving average of $27.45 and a 200 day moving average of $26.42. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $24.25 billion, a PE ratio of 147.97, a PEG ratio of 4.55 and a beta of 0.68.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $0.32 EPS 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 business 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 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 Dividend Announcement

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

Institutional Trading of Corporacion Inmobiliaria Vesta

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its stake in shares of Corporacion Inmobiliaria Vesta by 38.1% in 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 during the last quarter. Lazard Asset Management LLC raised its holdings in Corporacion Inmobiliaria Vesta by 6.6% in the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company's stock worth $8,803,000 after purchasing an additional 19,967 shares during the period. Anson Funds Management LP bought a new position in Corporacion Inmobiliaria Vesta in the 1st quarter worth $1,251,000. Finally, ABC Arbitrage SA bought a new position in Corporacion Inmobiliaria Vesta in the 1st quarter worth $1,291,000. Hedge funds and other 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.

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