Corporacion Inmobiliaria Vesta (NYSE:VTMX) Downgraded by Wall Street Zen to Sell

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

VTMX has been the topic of several other research reports. Zacks Research upgraded Corporacion Inmobiliaria Vesta from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 14th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Corporacion Inmobiliaria Vesta in a research note on Wednesday, October 8th. UBS Group lowered their price objective on Corporacion Inmobiliaria Vesta from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Monday, September 15th. Finally, Barclays upped their target price on Corporacion Inmobiliaria Vesta from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $31.33.

Corporacion Inmobiliaria Vesta Stock Up 0.6%

VTMX stock opened at $26.38 on Friday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average price of $27.51 and a two-hundred day moving average price of $27.10. The company has a market cap of $22.79 billion, a price-to-earnings ratio of 138.84, a P/E/G ratio of 4.29 and a beta of 0.69. Corporacion Inmobiliaria Vesta has a twelve month low of $21.30 and a twelve month high of $30.07.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its 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 business had revenue of $62.20 million for the quarter, compared to the consensus estimate 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. Analysts anticipate that Corporacion Inmobiliaria Vesta will post 2.2 EPS for the current fiscal year.

Corporacion Inmobiliaria Vesta Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Tuesday, October 14th will be paid a dividend of $0.2025 per share. This represents a dividend yield of 78.0%. This is an increase from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. The ex-dividend date of this dividend is Tuesday, October 14th. Corporacion Inmobiliaria Vesta’s payout ratio is 89.47%.

Institutional Trading of Corporacion Inmobiliaria Vesta

Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets grew its stake in shares of Corporacion Inmobiliaria Vesta by 38.1% in the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock worth $1,017,000 after purchasing an additional 10,236 shares during the last quarter. Anson Funds Management LP purchased a new stake in Corporacion Inmobiliaria Vesta in the first quarter worth about $1,251,000. ABC Arbitrage SA purchased a new stake in Corporacion Inmobiliaria Vesta in the first quarter worth about $1,291,000. Finally, Lazard Asset Management LLC lifted its holdings 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 worth $8,803,000 after buying an additional 19,967 shares during the period. 6.61% of the stock is owned by institutional investors.

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.