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

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

Corporacion Inmobiliaria Vesta Stock Performance

NYSE:VTMX traded down $0.46 during midday trading on Monday, reaching $33.49. The stock had a trading volume of 6,969 shares, compared to its average volume of 86,249. Corporacion Inmobiliaria Vesta has a 12-month low of $25.59 and a 12-month high of $37.41. The stock has a market cap of $2.83 billion, a P/E ratio of 7.29, a P/E/G ratio of 3.61 and a beta of 0.64. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.37. The firm has a fifty day simple moving average of $34.13 and a two-hundred day simple moving average of $34.13.

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

Corporacion Inmobiliaria Vesta Dividend Announcement

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

Analyst Ratings Changes

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

Insider Activity

In other Corporacion Inmobiliaria Vesta news, insider Carranza Diego Berho sold 200,000 shares of Corporacion Inmobiliaria Vesta stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $3.41, for a total transaction of $682,000.00. Following the completion of the sale, the insider owned 1,585,194 shares of the company’s stock, valued at approximately $5,405,511.54. The trade was a 11.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Corona Lorenzo Manuel Berho sold 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $3.41, for a total value of $3,410,000.00. Following the completion of the sale, the director owned 21,374,883 shares in the company, valued at approximately $72,888,351.03. This represents a 4.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 2,414,085 shares of company stock valued at $8,303,647.

Institutional Trading of Corporacion Inmobiliaria Vesta

Large investors have recently modified their holdings of the company. BNP Paribas Financial Markets grew its holdings in Corporacion Inmobiliaria Vesta by 38.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company’s stock worth $1,017,000 after buying an additional 10,236 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of Corporacion Inmobiliaria Vesta by 6.6% in the 2nd 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. Finally, ABC Arbitrage SA raised its holdings in Corporacion Inmobiliaria Vesta by 148.8% in the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock worth $4,401,000 after acquiring an additional 86,328 shares during the period. Institutional investors and hedge funds own 6.61% of the company’s stock.

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.