Corporacion Inmobiliaria Vesta (NYSE:VTMX) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• Corporacion Inmobiliaria Vesta has been upgraded by Wall Street Zen from a "sell" rating to a "hold" rating, reflecting a more cautious outlook on the stock.
• UBS Group reduced its target price for Vesta shares from $38.00 to $36.00 while maintaining a "buy" rating, indicating mixed investor sentiment.
• The company reported an earnings per share (EPS) of $0.32 for the last quarter, falling short of the consensus estimate of $0.50, which could concern investors about its profitability.

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

VTMX has been the topic of several other research reports. UBS Group dropped their target price on shares of Corporacion Inmobiliaria Vesta from $38.00 to $36.00 and set a "buy" rating on the stock in a report on Friday, July 18th. Scotiabank upgraded shares of Corporacion Inmobiliaria Vesta to a "strong-buy" rating in a report on Sunday, April 13th. Finally, Barclays lifted their target price on shares of Corporacion Inmobiliaria Vesta from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $31.67.

Corporacion Inmobiliaria Vesta Stock Performance

Shares of VTMX opened at $28.01 on Friday. The company has a market capitalization of $24.20 billion, a PE ratio of 147.42, a price-to-earnings-growth ratio of 4.55 and a beta of 0.69. Corporacion Inmobiliaria Vesta has a one year low of $21.30 and a one year high of $30.73. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.82 and a quick ratio of 1.82. The company's fifty day moving average price is $27.37 and its 200 day moving average price is $25.97.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last announced 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). The firm had revenue of $62.20 million during 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%. As a group, analysts expect that Corporacion Inmobiliaria Vesta will post 2.2 earnings per share for the current year.

Institutional Trading of Corporacion Inmobiliaria Vesta

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP grew its position in Corporacion Inmobiliaria Vesta by 12.5% in the 4th quarter. Marshall Wace LLP now owns 168,194 shares of the company's stock worth $4,306,000 after purchasing an additional 18,682 shares during the last quarter. ABC Arbitrage SA acquired a new stake in shares of Corporacion Inmobiliaria Vesta during the 1st quarter valued at about $1,291,000. Anson Funds Management LP acquired a new stake in shares of Corporacion Inmobiliaria Vesta during the 1st quarter valued at about $1,251,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Corporacion Inmobiliaria Vesta during the 4th quarter valued at about $490,000. 6.61% of the stock is currently owned by institutional investors and hedge funds.

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.

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