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

Key Points

• Corporacion Inmobiliaria Vesta has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, indicating a shift in investor sentiment regarding the company.
• Despite the upgrade, UBS Group has lowered its price objective for the stock from $36.00 to $35.00, while Barclays has increased its target from $37.00 to $38.00.
• The company reported $0.32 EPS for the last quarter, falling short of the consensus estimate of $0.50, highlighting ongoing challenges in revenue generation.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Sunday.

VTMX has been the subject of several other research reports. UBS Group lowered their price objective on shares of Corporacion Inmobiliaria Vesta from $36.00 to $35.00 and set a "buy" rating for the company in a research report on Monday, September 15th. Barclays increased 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. Weiss Ratings reissued a "sell (d+)" rating on shares of Corporacion Inmobiliaria Vesta in a research note on Friday. Finally, Zacks Research upgraded shares of Corporacion Inmobiliaria Vesta from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $31.33.

Corporacion Inmobiliaria Vesta Price Performance

NYSE VTMX opened at $28.74 on Friday. Corporacion Inmobiliaria Vesta has a 12 month low of $21.30 and a 12 month high of $30.07. 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 50 day simple moving average is $27.40 and its 200 day simple moving average is $27.26. The firm has a market capitalization of $24.83 billion, a PE ratio of 1,437.10, a P/E/G ratio of 4.67 and a beta of 0.69.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.18). Corporacion Inmobiliaria Vesta had a net margin of 1.83% and a return on equity of 0.19%. The business had revenue of $62.20 million during the quarter, compared to analyst estimates of $1.43 billion. As a group, equities research analysts forecast that Corporacion Inmobiliaria Vesta will post 2.2 EPS for the current fiscal year.

Institutional Trading of Corporacion Inmobiliaria Vesta

Several large investors have recently modified their holdings of VTMX. ABC Arbitrage SA bought a new position in Corporacion Inmobiliaria Vesta during the 1st quarter valued at $1,291,000. Anson Funds Management LP bought a new position in Corporacion Inmobiliaria Vesta during the first quarter valued at $1,251,000. BNP Paribas Financial Markets increased its position in Corporacion Inmobiliaria Vesta by 38.1% in the second 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. Finally, Lazard Asset Management LLC raised its stake 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 valued at $8,803,000 after buying an additional 19,967 shares during the period. 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.

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