Wall Street Zen Downgrades Corporacion Inmobiliaria Vesta (NYSE:VTMX) to Sell

Key Points

• Wall Street Zen downgraded Corporacion Inmobiliaria Vesta from a "hold" to a "sell" rating, indicating a shift in analysts' outlook on the company as of Friday.
• Despite the downgrade, Zacks Research upgraded Vesta from "strong sell" to "hold" recently, showing mixed sentiments among analysts.
• Vesta reported earnings per share (EPS) of $0.32 for the last quarter, missing analysts' expectations of $0.50, highlighting financial performance challenges for the company.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Friday.

Several other brokerages have also commented on VTMX. Zacks Research upgraded Corporacion Inmobiliaria Vesta from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 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 report on Tuesday, July 29th. Finally, UBS Group dropped their price objective on shares of Corporacion Inmobiliaria Vesta from $36.00 to $35.00 and set a "buy" rating on the stock in a research note on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $31.33.

Corporacion Inmobiliaria Vesta Price Performance

Shares of VTMX stock opened at $27.89 on Friday. The company has a market capitalization of $24.10 billion, a P/E ratio of 146.81, a P/E/G ratio of 4.49 and a beta of 0.68. The company's 50-day simple moving average is $27.72 and its two-hundred day simple moving average is $26.72. Corporacion Inmobiliaria Vesta has a one year low of $21.30 and a one year 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.

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 (EPS) for the quarter, missing analysts' consensus estimates 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 net margin of 12.15% and a return on equity of 1.24%. Corporacion Inmobiliaria Vesta has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Corporacion Inmobiliaria Vesta will post 2.2 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VTMX. BNP Paribas Financial Markets boosted 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 acquiring an additional 10,236 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Corporacion Inmobiliaria Vesta by 6.6% in the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company's stock valued at $8,803,000 after purchasing an additional 19,967 shares during the last quarter. Anson Funds Management LP acquired a new stake in Corporacion Inmobiliaria Vesta in the 1st quarter worth approximately $1,251,000. Finally, ABC Arbitrage SA purchased a new stake in Corporacion Inmobiliaria Vesta during 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.

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