Corporacion Inmobiliaria Vesta's (VTMX) "Sell (D+)" Rating Reaffirmed at Weiss Ratings

Key Points

• Corporacion Inmobiliaria Vesta's stock maintains a "Sell (D+)" rating according to Weiss Ratings, indicating ongoing concerns from analysts.
• After a recent earnings report, the company reported $0.32 earnings per share, missing analyst expectations of $0.50, with revenue significantly lower than anticipated at $62.20 million.
• Despite the negative ratings, VTMX shares are trading up 4.9%, reaching $28.75 with a consensus target price of $31.33 from analysts.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report)'s stock had its "sell (d+)" rating reaffirmed by equities researchers at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

VTMX has been the subject of a number of other research reports. Wall Street Zen cut shares of Corporacion Inmobiliaria Vesta from a "hold" rating to a "sell" rating in a report on Saturday, October 18th. Barclays lifted their price target on Corporacion Inmobiliaria Vesta from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Zacks Research raised shares of Corporacion Inmobiliaria Vesta from a "strong sell" rating to a "hold" rating in a report on Thursday, August 14th. Finally, UBS Group dropped their target price on Corporacion Inmobiliaria Vesta from $36.00 to $35.00 and set a "buy" rating on the stock in a report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $31.33.

Corporacion Inmobiliaria Vesta Trading Up 4.9%

VTMX stock traded up $1.34 during mid-day trading on Friday, hitting $28.75. 213,235 shares of the company were exchanged, compared to its average volume of 177,016. The business has a fifty day simple moving average of $27.39 and a 200-day simple moving average of $27.17. 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 12-month low of $21.30 and a 12-month high of $30.07. The firm has a market capitalization of $24.84 billion, a P/E ratio of 151.30, a PEG ratio of 4.43 and a beta of 0.69.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.32 earnings per share (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 firm had revenue of $62.20 million during the quarter, compared to analysts' expectations of $1.43 billion. On average, equities research analysts predict that Corporacion Inmobiliaria Vesta will post 2.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of VTMX. ABC Arbitrage SA purchased a new position in Corporacion Inmobiliaria Vesta in the first quarter valued at approximately $1,291,000. Anson Funds Management LP purchased a new stake in shares of Corporacion Inmobiliaria Vesta during the first quarter valued at approximately $1,251,000. BNP Paribas Financial Markets raised its stake in shares of Corporacion Inmobiliaria Vesta by 38.1% during 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. Finally, Lazard Asset Management LLC boosted its holdings 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 worth $8,803,000 after purchasing an additional 19,967 shares during the period. 6.61% of the stock is currently 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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