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) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 205,020 shares, a decline of 47.6% from the May 14th total of 391,121 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 152,150 shares, the short-interest ratio is currently 1.3 days.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a research report on Friday, May 22nd. Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. Barclays lifted their price objective on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Zacks Research raised shares of Corporacion Inmobiliaria Vesta from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Insider Activity

In other news, CFO Achutegui Juan Felipe Sottil sold 97,488 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $3.49, for a total transaction of $340,233.12. Following the completion of the transaction, the chief financial officer directly owned 1,254,120 shares in the company, valued at $4,376,878.80. The trade was a 7.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Carranza Lorenzo Dominiq Berho sold 64,366 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $3.50, for a total transaction of $225,281.00. Following the transaction, the chief executive officer owned 3,993,199 shares of the company’s stock, valued at $13,976,196.50. This trade represents a 1.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 2,222,984 shares of company stock worth $7,643,098.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

Hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its holdings in shares of 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 acquiring an additional 10,236 shares in the last quarter. ABC Arbitrage SA raised its holdings in shares of Corporacion Inmobiliaria Vesta by 148.8% during the fourth quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock valued at $4,401,000 after acquiring an additional 86,328 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Corporacion Inmobiliaria Vesta by 6.6% during 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. Finally, Centersquare Investment Management LLC raised its stake in Corporacion Inmobiliaria Vesta by 4.9% in the third quarter. Centersquare Investment Management LLC now owns 366,102 shares of the company’s stock worth $10,357,000 after buying an additional 17,110 shares in the last quarter. 6.61% of the stock is owned by hedge funds and other institutional investors.

Corporacion Inmobiliaria Vesta Trading Down 0.1%

Corporacion Inmobiliaria Vesta stock traded down $0.03 during mid-day trading on Monday, hitting $34.30. The company’s stock had a trading volume of 61,386 shares, compared to its average volume of 114,640. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.66 and a quick ratio of 5.66. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 8.86, a price-to-earnings-growth ratio of 3.10 and a beta of 0.64. The business has a 50 day moving average price of $34.94 and a 200-day moving average price of $33.25. Corporacion Inmobiliaria Vesta has a 12 month low of $24.99 and a 12 month high of $37.41.

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

Corporacion Inmobiliaria Vesta Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, May 13th. Stockholders of record on Tuesday, May 5th were paid a dividend of $0.2181 per share. This represents a dividend yield of 61.0%. This is a positive change from Corporacion Inmobiliaria Vesta’s previous annual dividend of $0.20. The ex-dividend date of this dividend was Tuesday, May 5th. Corporacion Inmobiliaria Vesta’s payout ratio is currently 4.91%.

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.