Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Short Interest Update

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 546,946 shares, a growth of 109.8% from the June 15th total of 260,670 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 107,396 shares, the short-interest ratio is presently 5.1 days.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VTMX. UBS Group lifted their price objective on shares of Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Wall Street Zen lowered Corporacion Inmobiliaria Vesta from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Barclays raised their target price on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Friday, May 22nd. Finally, Zacks Research lowered Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $42.00.

Corporacion Inmobiliaria Vesta Stock Down 0.2%

Shares of VTMX stock traded down $0.06 during trading on Friday, hitting $34.74. 9,216 shares of the company were exchanged, compared to its average volume of 87,132. The company has a debt-to-equity ratio of 0.41, a quick ratio of 5.66 and a current ratio of 5.66. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 8.97, a P/E/G ratio of 3.15 and a beta of 0.64. The business’s 50-day simple moving average is $34.30 and its 200 day simple moving average is $33.73. Corporacion Inmobiliaria Vesta has a twelve month low of $25.28 and a twelve month high of $37.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.85. Corporacion Inmobiliaria Vesta had a net margin of 111.99% and a return on equity of 12.23%. The firm had revenue of $76.75 million for the quarter, compared to analyst estimates of $73.32 million. As a group, analysts forecast that Corporacion Inmobiliaria Vesta will post 2.52 EPS for the current fiscal year.

Corporacion Inmobiliaria Vesta Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th will be paid a $0.1999 dividend. The ex-dividend date of this dividend is Tuesday, July 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.3%. Corporacion Inmobiliaria Vesta’s dividend payout ratio is 17.57%.

Insider Buying and Selling at Corporacion Inmobiliaria Vesta

In related news, CEO Carranza Lorenzo Dominiq Berho sold 50,000 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $3.42, for a total value of $171,000.00. Following the completion of the transaction, the chief executive officer owned 3,943,199 shares in the company, valued at $13,485,740.58. This trade represents a 1.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Achutegui Juan Felipe Sottil sold 97,488 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $3.49, for a total value of $340,233.12. Following the sale, the chief financial officer owned 1,254,120 shares in the company, valued at approximately $4,376,878.80. The trade was a 7.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,384,697 shares of company stock valued at $8,202,933 over the last 90 days.

Institutional Trading of Corporacion Inmobiliaria Vesta

Several hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets boosted its position in Corporacion Inmobiliaria Vesta by 38.1% during the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock valued at $1,017,000 after purchasing an additional 10,236 shares during the last quarter. Lazard Asset Management LLC increased its position in Corporacion Inmobiliaria Vesta by 6.6% in the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock worth $8,803,000 after purchasing an additional 19,967 shares during the last quarter. Finally, ABC Arbitrage SA raised its stake in shares of Corporacion Inmobiliaria Vesta by 148.8% during the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock worth $4,401,000 after purchasing an additional 86,328 shares in the last quarter. 6.61% of the stock is currently owned by hedge funds and other institutional investors.

About Corporacion Inmobiliaria Vesta

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.