UBS Group Issues Pessimistic Forecast for Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock Price

Corporacion Inmobiliaria Vesta (NYSE:VTMX) had its target price dropped by UBS Group from $36.00 to $35.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price target would indicate a potential upside of 25.23% from the company’s previous close.

A number of other research analysts have also weighed in on VTMX. Barclays boosted their target price on Corporacion Inmobiliaria Vesta from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Zacks Research raised Corporacion Inmobiliaria Vesta from a “strong sell” rating to a “hold” rating in a report on Thursday, August 14th. Finally, Wall Street Zen raised Corporacion Inmobiliaria Vesta from a “sell” rating to a “hold” rating in a report on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Corporacion Inmobiliaria Vesta currently has a consensus rating of “Moderate Buy” and an average target price of $31.33.

Corporacion Inmobiliaria Vesta Stock Down 0.6%

NYSE:VTMX opened at $27.95 on Monday. The firm has a market capitalization of $24.14 billion, a price-to-earnings ratio of 147.09, a price-to-earnings-growth ratio of 4.54 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. The stock’s 50 day moving average price is $27.47 and its two-hundred day moving average price is $26.52. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.35.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly 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 analyst estimates 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. Equities research 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

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC increased its stake in shares of 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 buying an additional 19,967 shares during the period. BNP Paribas Financial Markets increased 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 valued at $1,017,000 after buying an additional 10,236 shares during the period. ABC Arbitrage SA increased its stake in shares of Corporacion Inmobiliaria Vesta by 252.0% in the second quarter. ABC Arbitrage SA now owns 199,263 shares of the company’s stock valued at $5,458,000 after buying an additional 142,660 shares during the period. Finally, Anson Funds Management LP acquired a new stake in shares of Corporacion Inmobiliaria Vesta in the first quarter valued at about $1,251,000. Institutional investors and hedge funds 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.