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 significant growth in short interest during 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 shares of the stock are sold short. Based on an average daily trading volume, of 107,396 shares, the days-to-cover ratio is presently 5.1 days.

Insider Activity

In other news, Director Corona Lorenzo Manuel Berho sold 53,700 shares of Corporacion Inmobiliaria Vesta stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $3.49, for a total value of $187,413.00. Following the completion of the transaction, the director 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Achutegui Juan Felipe Sottil sold 97,488 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $3.49, for a total value 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 2,384,697 shares of company stock valued at $8,202,933.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its holdings 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 worth $1,017,000 after acquiring an additional 10,236 shares during the period. Lazard Asset Management LLC lifted 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 purchasing an additional 19,967 shares during the period. Finally, ABC Arbitrage SA boosted its position 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 worth $4,401,000 after purchasing an additional 86,328 shares during the last quarter. 6.61% of the stock is owned by institutional investors.

Corporacion Inmobiliaria Vesta Trading Up 1.3%

Shares of VTMX traded up $0.46 during trading hours on Wednesday, hitting $34.83. 74,178 shares of the stock traded hands, compared to its average volume of 88,185. The company has a current ratio of 5.66, a quick ratio of 5.66 and a debt-to-equity ratio of 0.41. Corporacion Inmobiliaria Vesta has a 1-year low of $25.24 and a 1-year high of $37.41. The firm has a market capitalization of $2.95 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 3.06 and a beta of 0.64. The business has a fifty day moving average of $34.35 and a 200-day moving average of $33.68.

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

Corporacion Inmobiliaria Vesta Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th will be paid a dividend of $0.1999 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, July 14th. Corporacion Inmobiliaria Vesta’s payout ratio is 4.91%.

Wall Street Analysts Forecast Growth

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

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.