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

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 analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Sunday.

VTMX has been the topic of several other reports. UBS Group reduced their target price on Corporacion Inmobiliaria Vesta from $38.00 to $36.00 and set a "buy" rating on the stock in a research 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 boosted their target price on shares of Corporacion Inmobiliaria Vesta from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Corporacion Inmobiliaria Vesta currently has an average rating of "Moderate Buy" and an average target price of $31.67.

Corporacion Inmobiliaria Vesta Price Performance

NYSE VTMX traded up $0.13 during mid-day trading on Friday, hitting $28.45. The stock had a trading volume of 31,795 shares, compared to its average volume of 204,308. The company has a 50 day simple moving average of $27.32 and a 200 day simple moving average of $26.03. The company has a market cap of $24.58 billion, a price-to-earnings ratio of 150.16, a P/E/G ratio of 4.55 and a beta of 0.69. Corporacion Inmobiliaria Vesta has a 52-week low of $21.30 and a 52-week high of $30.73. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.35.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.18). Corporacion Inmobiliaria Vesta had a net margin of 12.15% and a return on equity of 1.24%. The company had revenue of $62.20 million for the quarter, compared to analyst estimates of $1.43 billion. Equities analysts forecast that Corporacion Inmobiliaria Vesta will post 2.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

Several hedge funds and other institutional investors have recently modified their holdings of the company. Marshall Wace LLP raised its holdings in Corporacion Inmobiliaria Vesta by 12.5% in the fourth quarter. Marshall Wace LLP now owns 168,194 shares of the company's stock valued at $4,306,000 after buying an additional 18,682 shares during the period. ABC Arbitrage SA acquired a new position in shares of Corporacion Inmobiliaria Vesta during the 1st quarter valued at $1,291,000. Anson Funds Management LP purchased a new stake in Corporacion Inmobiliaria Vesta during the 1st quarter worth $1,251,000. Finally, BNP Paribas Financial Markets purchased a new stake in Corporacion Inmobiliaria Vesta during the 4th quarter worth $490,000. 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.