Corporacion Inmobiliaria Vesta (NYSE:VTMX) Price Target Cut to $35.00 by Analysts at UBS Group

Key Points

• UBS Group has lowered its price target for Corporacion Inmobiliaria Vesta from $36.00 to $35.00, while maintaining a "buy" rating, suggesting a potential upside of 25.23% from its current price.
• Recent earnings showed the company missed analysts' estimates, reporting $0.32 earnings per share compared to the consensus of $0.50, leading to a revised consensus rating of "Moderate Buy."
• Several brokerages, including Barclays and Zacks Research, have modified their ratings on the stock, reflecting varied investor sentiment around VTMX with ratings ranging from "strong buy" to "sell."

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) had its price target lowered by equities researchers at UBS Group from $36.00 to $35.00 in a research report issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's price objective would indicate a potential upside of 30.67% from the stock's current price.

Several other equities analysts have also weighed in on VTMX. Wall Street Zen upgraded shares of Corporacion Inmobiliaria Vesta from a "sell" rating to a "hold" rating in a report on Sunday, September 14th. Barclays boosted their price target on shares of Corporacion Inmobiliaria Vesta from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Finally, Zacks Research raised shares of Corporacion Inmobiliaria Vesta from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 14th. 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 one has given a Sell rating to the company's stock. According to MarketBeat.com, Corporacion Inmobiliaria Vesta currently has an average rating of "Moderate Buy" and an average target price of $31.33.

Corporacion Inmobiliaria Vesta Trading Up 1.2%

NYSE:VTMX traded up $0.32 during mid-day trading on Monday, hitting $26.79. 21,992 shares of the stock traded hands, compared to its average volume of 184,135. The firm's 50 day moving average is $27.49 and its two-hundred day moving average is $26.57. Corporacion Inmobiliaria Vesta has a 52 week low of $21.30 and a 52 week high of $30.07. The stock has a market capitalization of $23.14 billion, a price-to-earnings ratio of 140.74, a PEG ratio of 4.38 and a beta of 0.68. 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 earnings results on Thursday, July 24th. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.18). The firm had revenue of $62.20 million for the quarter, compared to analysts' expectations of $1.43 billion. Corporacion Inmobiliaria Vesta had a net margin of 12.15% and a return on equity of 1.24%. Corporacion Inmobiliaria Vesta has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Corporacion Inmobiliaria Vesta will post 2.2 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of VTMX. BNP Paribas Financial Markets increased its holdings 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. Lazard Asset Management LLC grew its position 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 period. Anson Funds Management LP bought a new position in Corporacion Inmobiliaria Vesta during the 1st quarter valued at about $1,251,000. Finally, ABC Arbitrage SA acquired a new position in shares of Corporacion Inmobiliaria Vesta in the 1st quarter worth approximately $1,291,000. 6.61% of the stock is owned by institutional investors and hedge funds.

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.