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

Wall Street Zen lowered shares of Corporacion Inmobiliaria Vesta (NYSE:VTMX) from a hold rating to a sell rating in a research report report published on Friday morning.

A number of other brokerages have also issued reports on VTMX. Zacks Research raised shares of Corporacion Inmobiliaria Vesta from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 14th. UBS Group dropped their price target on Corporacion Inmobiliaria Vesta from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Monday, September 15th. Finally, Barclays increased their price target on Corporacion Inmobiliaria Vesta from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.33.

Corporacion Inmobiliaria Vesta Stock Performance

NYSE VTMX opened at $27.89 on Friday. The company has a market cap of $24.10 billion, a P/E ratio of 146.81, a P/E/G ratio of 4.52 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. The business’s 50 day moving average price is $27.72 and its 200-day moving average price is $26.77. Corporacion Inmobiliaria Vesta has a fifty-two week low of $21.30 and a fifty-two week high of $30.07.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its earnings results on Thursday, July 24th. The company reported $0.32 earnings per share 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 the consensus estimate 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 predict that Corporacion Inmobiliaria Vesta will post 2.2 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Dividend Announcement

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

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its stake 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 valued at $1,017,000 after purchasing an additional 10,236 shares during the last quarter. Lazard Asset Management LLC grew its stake in Corporacion Inmobiliaria Vesta by 6.6% in the second 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 purchased a new position in Corporacion Inmobiliaria Vesta in the first quarter valued at about $1,251,000. Finally, ABC Arbitrage SA purchased a new position in Corporacion Inmobiliaria Vesta in the first quarter valued at about $1,291,000. 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.