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

Corporacion Inmobiliaria Vesta (NYSE:VTMX) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

VTMX has been the topic of a number of other reports. Barclays raised their price objective 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. UBS Group reduced their price objective on shares of Corporacion Inmobiliaria Vesta from $38.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, July 18th. Finally, Zacks Research upgraded shares of Corporacion Inmobiliaria Vesta from a “strong sell” rating to a “hold” rating in a report on Thursday, August 14th. One investment 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 given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $31.67.

Corporacion Inmobiliaria Vesta Stock Up 1.8%

Shares of NYSE VTMX opened at $28.20 on Friday. The stock has a market cap of $24.36 billion, a P/E ratio of 148.42, a PEG ratio of 4.58 and a beta of 0.69. The company has a current ratio of 1.82, a quick 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 business’s fifty day simple moving average is $27.40 and its 200-day simple moving average is $26.37.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.18). The company had revenue of $62.20 million during the quarter, compared to analyst estimates 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 predict that Corporacion Inmobiliaria Vesta will post 2.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of VTMX. ABC Arbitrage SA boosted its holdings in shares of Corporacion Inmobiliaria Vesta by 252.0% in the 2nd quarter. ABC Arbitrage SA now owns 199,263 shares of the company’s stock valued at $5,458,000 after buying an additional 142,660 shares in the last quarter. Anson Funds Management LP acquired a new position in shares of Corporacion Inmobiliaria Vesta in the 1st quarter valued at $1,251,000. Lazard Asset Management LLC boosted its holdings 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 buying an additional 19,967 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in Corporacion Inmobiliaria Vesta during the 4th quarter worth $490,000. Institutional investors and hedge funds own 6.61% of the company’s stock.

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.