Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Corporacion Inmobiliaria Vesta has received a consensus recommendation of "Hold" from six brokerages, with varying ratings including two sell, two buy, and one strong buy.
• Analysts have a 12-month average price target of $31.33 for the stock, which is currently trading around $26.37.
• The company reported a net margin of 12.15% for its last quarter, but earnings were below expectations at $0.32 per share, missing the consensus estimate of $0.50.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) has been given an average recommendation of "Hold" by the six brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $31.3333.

Several equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Corporacion Inmobiliaria Vesta from a "sell" rating to a "hold" rating in a report on Saturday. UBS Group dropped 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 note on Monday, September 15th. Barclays raised their price target on Corporacion Inmobiliaria Vesta from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Zacks Research raised Corporacion Inmobiliaria Vesta from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 14th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Corporacion Inmobiliaria Vesta in a research report on Saturday, September 27th.

Corporacion Inmobiliaria Vesta Trading Down 1.5%

Shares of VTMX stock opened at $26.37 on Wednesday. Corporacion Inmobiliaria Vesta has a fifty-two week low of $21.30 and a fifty-two week high of $30.07. The stock has a market cap of $22.78 billion, a P/E ratio of 138.81, a P/E/G ratio of 4.35 and a beta of 0.69. The business has a fifty day simple moving average of $27.84 and a 200-day simple moving average of $26.94. 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 announced its quarterly earnings results on Thursday, July 24th. The company reported $0.32 earnings per share 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 firm had revenue of $62.20 million during the quarter, compared to analysts' expectations of $1.43 billion. Corporacion Inmobiliaria Vesta has set its FY 2025 guidance at EPS. On average, analysts forecast that Corporacion Inmobiliaria Vesta will post 2.2 earnings per share for the current fiscal year.

Institutional Trading of Corporacion Inmobiliaria Vesta

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC grew its stake 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 acquiring an additional 19,967 shares during the period. ABC Arbitrage SA grew 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. Anson Funds Management LP purchased a new stake in shares of Corporacion Inmobiliaria Vesta in the first quarter valued at $1,251,000. Finally, BNP Paribas Financial Markets grew 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 owned by hedge funds and other institutional investors.

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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