Wall Street Zen Upgrades Corporacion Inmobiliaria Vesta (NYSE:VTMX) to Hold

Key Points

• Wall Street Zen upgraded Corporacion Inmobiliaria Vesta from a "sell" to a "hold" rating, reflecting a shift in analysts' sentiment regarding the stock's potential.
• The stock has an average rating of "hold" among analysts, with a consensus target price of $31.33, indicating mixed perspectives on its performance.
• Corporacion Inmobiliaria Vesta reported earnings of $0.32 per share, missing the consensus estimate of $0.50, alongside a revenue of $62.20 million compared to the estimated $1.43 billion.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Other research analysts also recently issued research reports about the company. Zacks Research upgraded Corporacion Inmobiliaria Vesta from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 14th. Weiss Ratings restated a "sell (d+)" rating on shares of Corporacion Inmobiliaria Vesta in a research note on Saturday, September 27th. UBS Group cut their target price on 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. Finally, Barclays raised their target price on Corporacion Inmobiliaria Vesta from $37.00 to $38.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $31.33.

Corporacion Inmobiliaria Vesta Trading Down 1.1%

Shares of VTMX opened at $26.99 on Friday. The business has a 50-day moving average of $27.87 and a 200 day moving average of $26.88. Corporacion Inmobiliaria Vesta has a fifty-two week low of $21.30 and a fifty-two week high of $30.07. The firm has a market cap of $23.32 billion, a P/E ratio of 142.05, a price-to-earnings-growth ratio of 4.43 and a beta of 0.69. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.82 and a current ratio of 1.82.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.18). Corporacion Inmobiliaria Vesta had a return on equity of 1.24% and a net margin of 12.15%.The company had revenue of $62.20 million during the quarter, compared to the consensus estimate of $1.43 billion. Corporacion Inmobiliaria Vesta has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Corporacion Inmobiliaria Vesta will post 2.2 EPS for the current year.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

A number of large investors have recently bought and sold shares of VTMX. BNP Paribas Financial Markets increased its stake in Corporacion Inmobiliaria Vesta by 38.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company's stock worth $1,017,000 after purchasing an additional 10,236 shares during the period. Anson Funds Management LP purchased a new position in Corporacion Inmobiliaria Vesta in the 1st quarter worth approximately $1,251,000. ABC Arbitrage SA purchased a new position in Corporacion Inmobiliaria Vesta in the 1st quarter worth approximately $1,291,000. Finally, Lazard Asset Management LLC increased 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 purchasing an additional 19,967 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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