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

Corporacion Inmobiliaria Vesta (NYSE:VTMX) had its target price cut by UBS Group from $36.00 to $35.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts also recently issued research reports about the company. Barclays boosted their price target on Corporacion Inmobiliaria Vesta from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Zacks Research upgraded Corporacion Inmobiliaria Vesta from a “strong sell” rating to a “hold” rating in a report on Thursday, August 14th. Finally, Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a “sell” rating to a “hold” rating in a research report on Sunday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Corporacion Inmobiliaria Vesta presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.33.

Corporacion Inmobiliaria Vesta Stock Performance

Shares of VTMX stock opened at $27.20 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a market capitalization of $23.50 billion, a price-to-earnings ratio of 143.16, a price-to-earnings-growth ratio of 4.54 and a beta of 0.69. Corporacion Inmobiliaria Vesta has a one year low of $21.30 and a one year high of $30.07. The company has a 50 day moving average price of $27.46 and a 200 day moving average price of $26.55.

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 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. Sell-side analysts anticipate that Corporacion Inmobiliaria Vesta will post 2.2 EPS for the current year.

Corporacion Inmobiliaria Vesta Dividend Announcement

The business also recently announced an annual dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Monday, July 14th were paid a $0.2009 dividend. The ex-dividend date was Monday, July 14th. This represents a dividend yield of 80.0%. Corporacion Inmobiliaria Vesta’s dividend payout ratio (DPR) is 89.47%.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets acquired a new stake in Corporacion Inmobiliaria Vesta in the fourth quarter valued at approximately $490,000. Anson Funds Management LP acquired a new position in shares of Corporacion Inmobiliaria Vesta during the first quarter worth $1,251,000. ABC Arbitrage SA purchased a new position in shares of Corporacion Inmobiliaria Vesta in the first quarter valued at $1,291,000. Finally, Lazard Asset Management LLC grew its holdings in Corporacion Inmobiliaria Vesta by 6.6% during 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 in the last quarter. Hedge funds and other institutional investors own 6.61% of the company’s stock.

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.