Corporacion Inmobiliaria Vesta (NYSE:VTMX) Upgraded at Wall Street Zen

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

A number of other research firms have also recently issued reports on VTMX. Barclays boosted their price objective on shares of 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 raised shares of Corporacion Inmobiliaria Vesta from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 14th. Finally, UBS Group cut their target price on shares of Corporacion Inmobiliaria Vesta from $38.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Corporacion Inmobiliaria Vesta has an average rating of “Moderate Buy” and a consensus price target of $31.33.

Corporacion Inmobiliaria Vesta Price Performance

VTMX stock opened at $26.79 on Friday. The firm’s 50-day moving average price is $27.47 and its two-hundred day moving average price is $26.55. Corporacion Inmobiliaria Vesta has a 12-month low of $21.30 and a 12-month high of $30.07. The stock has a market capitalization of $23.14 billion, a price-to-earnings ratio of 141.00, a PEG ratio of 4.42 and a beta of 0.68. 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 (NYSE:VTMX) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.18). Corporacion Inmobiliaria Vesta had a net margin of 12.15% and a return on equity of 1.24%. The firm had revenue of $62.20 million during the quarter, compared to analysts’ expectations of $1.43 billion. 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 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Tuesday, July 22nd. Investors of record on Monday, July 14th were paid 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 payout ratio is presently 89.47%.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

Several hedge funds have recently bought and sold shares of VTMX. ABC Arbitrage SA boosted its stake in 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 acquiring an additional 142,660 shares in the last quarter. Anson Funds Management LP bought a new stake in Corporacion Inmobiliaria Vesta during the first quarter worth about $1,251,000. Lazard Asset Management LLC boosted its stake in Corporacion Inmobiliaria Vesta by 6.6% during the second quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock worth $8,803,000 after acquiring an additional 19,967 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in Corporacion Inmobiliaria Vesta during the fourth quarter worth about $490,000. 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.