Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) Short Interest Up 46.9% in July

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 697,500 shares, a growth of 46.9% from the July 15th total of 474,700 shares. Based on an average trading volume of 177,300 shares, the days-to-cover ratio is currently 3.9 days.

Institutional Trading of Corporación Inmobiliaria Vesta

Large investors have recently made changes to their positions in the company. Rhumbline Advisers increased its holdings in Corporación Inmobiliaria Vesta by 54.3% in the second quarter. Rhumbline Advisers now owns 3,610 shares of the company’s stock valued at $108,000 after buying an additional 1,270 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of Corporación Inmobiliaria Vesta during the 4th quarter worth about $1,364,000. Centersquare Investment Management LLC lifted its stake in Corporación Inmobiliaria Vesta by 19.0% during the first quarter. Centersquare Investment Management LLC now owns 281,677 shares of the company’s stock worth $11,053,000 after purchasing an additional 44,907 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in Corporación Inmobiliaria Vesta by 3,292.8% in the first quarter. Lazard Asset Management LLC now owns 336,600 shares of the company’s stock valued at $13,208,000 after purchasing an additional 326,679 shares in the last quarter. 6.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Barclays reduced their price target on shares of Corporación Inmobiliaria Vesta from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st.

Corporación Inmobiliaria Vesta Stock Down 0.5 %

VTMX traded down $0.16 on Wednesday, hitting $30.13. 135,934 shares of the company were exchanged, compared to its average volume of 137,087. The firm has a 50-day moving average price of $30.43 and a two-hundred day moving average price of $34.52. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.32. Corporación Inmobiliaria Vesta has a twelve month low of $27.30 and a twelve month high of $41.44. The company has a market cap of $26.03 billion, a price-to-earnings ratio of 6.04 and a beta of 1.42.

Corporación Inmobiliaria Vesta Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 15th were given a dividend of $0.1549 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date was Monday, July 15th. Corporación Inmobiliaria Vesta’s dividend payout ratio is presently 11.95%.

About Corporación 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.