Short Interest in Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Drops By 57.3%

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 259,817 shares, a decline of 57.3% from the July 15th total of 608,709 shares. Based on an average daily volume of 108,198 shares, the short-interest ratio is presently 2.4 days. Currently, 0.3% of the shares of the company are sold short.

Corporacion Inmobiliaria Vesta Price Performance

Shares of NYSE:VTMX traded up $0.09 during midday trading on Friday, hitting $33.94. The company had a trading volume of 27,160 shares, compared to its average volume of 83,379. Corporacion Inmobiliaria Vesta has a twelve month low of $25.59 and a twelve month high of $37.41. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.26 and a quick ratio of 4.26. The business’s 50-day simple moving average is $34.13 and its 200-day simple moving average is $34.12. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 7.38, a price-to-earnings-growth ratio of 3.61 and a beta of 0.64.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings data on Wednesday, July 1st. The company reported $1.09 EPS for the quarter. Corporacion Inmobiliaria Vesta had a return on equity of 14.20% and a net margin of 132.22%.The firm had revenue of $78.50 million for the quarter. On average, research analysts predict that Corporacion Inmobiliaria Vesta will post 2.82 earnings per share for the current year.

Corporacion Inmobiliaria Vesta Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th were paid a $0.1999 dividend. The ex-dividend date was Tuesday, July 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.4%. Corporacion Inmobiliaria Vesta’s payout ratio is currently 14.78%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VTMX. Weiss Ratings restated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Friday, May 22nd. Zacks Research cut shares of Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Wall Street Zen cut shares of Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. UBS Group increased their price objective on shares of Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Finally, Barclays boosted their target price on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Corporacion Inmobiliaria Vesta presently has a consensus rating of “Hold” and a consensus price target of $42.00.

Insider Activity

In other Corporacion Inmobiliaria Vesta news, insider Carranza Diego Berho sold 10,000 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $3.44, for a total value of $34,400.00. Following the completion of the transaction, the insider owned 1,835,194 shares in the company, valued at approximately $6,313,067.36. This represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Corona Lorenzo Manuel Berho sold 53,700 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $3.49, for a total transaction of $187,413.00. Following the sale, the director directly owned 20,771,183 shares in the company, valued at approximately $72,491,428.67. The trade was a 0.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,414,085 shares of company stock valued at $8,303,647 in the last three months.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its stake in Corporacion Inmobiliaria Vesta by 38.1% during 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. ABC Arbitrage SA lifted its holdings in shares of Corporacion Inmobiliaria Vesta by 148.8% in the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock valued at $4,401,000 after buying an additional 86,328 shares during the period. Finally, Lazard Asset Management LLC boosted 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 in the last quarter. 6.61% of the stock is owned by hedge funds and other institutional investors.

Corporacion Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, trading as VTMX on the New York Stock Exchange, is a Mexico-based real estate investment trust (REIT) specializing in the development, acquisition and management of industrial properties. The company’s portfolio primarily consists of warehouses, distribution centers and manufacturing facilities tailored to multinational corporations, logistics operators and other businesses seeking modern, well-connected industrial space in Mexico.

Vesta’s core business activities include the design and construction of build-to-suit projects, the leasing of speculative and multi-tenant properties, and sale-leaseback transactions that convert existing facilities into long-term lease arrangements.