Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Receives Consensus Rating of “Hold” from Analysts

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) has been given a consensus rating of “Hold” by the six research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $31.3333.

Several research analysts recently issued reports on the company. Barclays lifted their price objective 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. Zacks Research upgraded Corporacion Inmobiliaria Vesta from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 14th. Wall Street Zen upgraded Corporacion Inmobiliaria Vesta from a “sell” rating to a “hold” rating in a research report on Saturday, October 4th. Weiss Ratings restated a “sell (d+)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Wednesday, October 8th. Finally, UBS Group cut their price objective on Corporacion Inmobiliaria Vesta from $36.00 to $35.00 and set a “buy” rating for the company in a research report on Monday, September 15th.

Corporacion Inmobiliaria Vesta Price Performance

Shares of NYSE:VTMX opened at $25.88 on Wednesday. The business’s 50 day simple moving average is $27.64 and its 200-day simple moving average is $27.03. The firm has a market capitalization of $22.36 billion, a price-to-earnings ratio of 136.19, a price-to-earnings-growth ratio of 4.24 and a beta of 0.69. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.82 and a quick ratio of 1.82. Corporacion Inmobiliaria Vesta has a 12 month low of $21.30 and a 12 month high of $30.07.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly 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). The firm had revenue of $62.20 million for the quarter, compared to analysts’ expectations of $1.43 billion. Corporacion Inmobiliaria Vesta had a return on equity of 1.24% and a net margin of 12.15%. Corporacion Inmobiliaria Vesta has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Corporacion Inmobiliaria Vesta will post 2.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VTMX. BNP Paribas Financial Markets raised its holdings 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 valued at $1,017,000 after acquiring an additional 10,236 shares during the last quarter. Anson Funds Management LP acquired a new position in Corporacion Inmobiliaria Vesta in the 1st quarter valued at $1,251,000. ABC Arbitrage SA acquired a new position in Corporacion Inmobiliaria Vesta in the 1st quarter valued at $1,291,000. Finally, Lazard Asset Management LLC raised 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 acquiring an additional 19,967 shares during the last quarter. 6.61% of the stock is currently owned by institutional investors and hedge funds.

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.