Brokerages Set Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Price Target at $31.67

Key Points

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Shares of Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) have received an average rating of "Moderate Buy" from the five ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $31.6667.

Several analysts recently commented on VTMX shares. Wall Street Zen upgraded shares of Corporacion Inmobiliaria Vesta from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Zacks Research upgraded shares of Corporacion Inmobiliaria Vesta from a "strong sell" rating to a "hold" rating in a report on Thursday, August 14th. Barclays raised their price target 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. Finally, UBS Group decreased their price target on shares of Corporacion Inmobiliaria Vesta from $38.00 to $36.00 and set a "buy" rating for the company in a report on Friday, July 18th.

Institutional Trading of Corporacion Inmobiliaria Vesta

Several institutional investors have recently made changes to their positions in VTMX. Lazard Asset Management LLC lifted its stake in 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 acquiring an additional 19,967 shares during the last quarter. ABC Arbitrage SA raised its position in shares of Corporacion Inmobiliaria Vesta by 252.0% in the second quarter. ABC Arbitrage SA now owns 199,263 shares of the company's stock valued at $5,458,000 after purchasing an additional 142,660 shares during the period. Marshall Wace LLP raised its position in shares of 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 purchasing an additional 18,682 shares during the period. Anson Funds Management LP bought a new position in shares of Corporacion Inmobiliaria Vesta in the first quarter valued at approximately $1,251,000. Finally, BNP Paribas Financial Markets raised its position in shares of Corporacion Inmobiliaria Vesta by 38.1% in the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company's stock valued at $1,017,000 after purchasing an additional 10,236 shares during the period. 6.61% of the stock is currently owned by institutional investors and hedge funds.

Corporacion Inmobiliaria Vesta Trading Up 1.6%

Shares of Corporacion Inmobiliaria Vesta stock traded up $0.45 during trading on Tuesday, hitting $28.58. The stock had a trading volume of 37,203 shares, compared to its average volume of 76,841. The stock has a 50 day simple moving average of $27.30 and a 200 day simple moving average of $26.28. The company has a market capitalization of $24.69 billion, a PE ratio of 150.42, a P/E/G ratio of 4.63 and a beta of 0.69. 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 has a 1 year low of $21.30 and a 1 year high of $30.07.

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 the consensus estimate of $0.50 by ($0.18). The firm had revenue of $62.20 million during the quarter, compared to analysts' expectations of $1.43 billion. Corporacion Inmobiliaria Vesta had a return on equity of 1.24% and a net margin of 12.15%. Corporacion Inmobiliaria Vesta has set its FY 2025 guidance at EPS. On average, research analysts expect that Corporacion Inmobiliaria Vesta will post 2.2 EPS for the current fiscal year.

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.