Barclays Forecasts Strong Price Appreciation for Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock

Corporacion Inmobiliaria Vesta (NYSE:VTMX) had its price objective boosted by equities researchers at Barclays from $38.00 to $40.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 30.89% from the stock’s previous close.

VTMX has been the topic of several other reports. Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a “sell” rating to a “hold” rating in a research report on Sunday, October 26th. UBS Group dropped their target price on shares of Corporacion Inmobiliaria Vesta from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Monday, September 15th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Wednesday, October 8th. Finally, Zacks Research raised Corporacion Inmobiliaria Vesta from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $32.00.

Corporacion Inmobiliaria Vesta Stock Performance

VTMX opened at $30.56 on Thursday. The business’s 50-day simple moving average is $28.38 and its 200 day simple moving average is $27.99. Corporacion Inmobiliaria Vesta has a 52-week low of $21.30 and a 52-week high of $31.64. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.97 and a current ratio of 2.97. The firm has a market capitalization of $2.59 billion, a PE ratio of 1,528.00, a PEG ratio of 4.94 and a beta of 0.71.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.21). The company had revenue of $66.00 million for the quarter, compared to analyst estimates of $1.30 billion. Corporacion Inmobiliaria Vesta had a return on equity of 0.19% and a net margin of 1.83%. Corporacion Inmobiliaria Vesta has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Corporacion Inmobiliaria Vesta will post 2.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

A number of institutional investors have recently made changes to their positions in VTMX. Centersquare Investment Management LLC grew its position in shares of Corporacion Inmobiliaria Vesta by 4.9% in the third quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock valued at $10,357,000 after purchasing an additional 17,110 shares during the last quarter. Lazard Asset Management LLC grew its holdings 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 valued at $8,803,000 after buying an additional 19,967 shares in the last quarter. BNP Paribas Financial Markets increased its position in Corporacion Inmobiliaria Vesta by 38.1% during the 2nd 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 period. ABC Arbitrage SA lifted its holdings in shares of Corporacion Inmobiliaria Vesta by 252.0% during the second quarter. ABC Arbitrage SA now owns 199,263 shares of the company’s stock worth $5,458,000 after buying an additional 142,660 shares in the last quarter. Finally, Anson Funds Management LP bought a new stake in shares of Corporacion Inmobiliaria Vesta in the first quarter valued at about $1,251,000. 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.