Short Interest in Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Rises By 109.8%

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) was the target of a large 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 company’s shares are short sold. Based on an average daily trading volume, of 107,396 shares, the short-interest ratio is presently 5.1 days.

Insider Buying and Selling at Corporacion Inmobiliaria Vesta

In other news, CFO Achutegui Juan Felipe Sottil sold 97,488 shares of Corporacion Inmobiliaria Vesta stock in a transaction that occurred 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 sale, the chief financial officer owned 1,254,120 shares of the company’s stock, valued at approximately $4,376,878.80. The trade was a 7.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Carranza Diego Berho sold 10,000 shares of the company’s stock in a transaction that occurred on 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 $6,313,067.36. This represents a 0.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 2,384,697 shares of company stock worth $8,202,933.

Institutional Trading of Corporacion Inmobiliaria Vesta

A number of institutional investors and hedge funds have recently bought and sold shares of the business. ABC Arbitrage SA boosted its stake in shares of Corporacion Inmobiliaria Vesta by 148.8% in the fourth quarter. ABC Arbitrage SA now owns 144,358 shares of the company’s stock valued at $4,401,000 after purchasing an additional 86,328 shares during the period. Lazard Asset Management LLC increased its stake in Corporacion Inmobiliaria Vesta by 6.6% during the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company’s stock worth $8,803,000 after buying an additional 19,967 shares during the period. Finally, BNP Paribas Financial Markets increased 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 worth $1,017,000 after buying an additional 10,236 shares during the period. 6.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VTMX has been the subject of a number of research analyst reports. Barclays increased their price target on Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Weiss Ratings restated a “hold (c)” rating on shares of Corporacion Inmobiliaria Vesta in a report on Friday, May 22nd. UBS Group upped their target price 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. Zacks Research lowered shares of Corporacion Inmobiliaria Vesta from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, 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. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Corporacion Inmobiliaria Vesta presently has an average rating of “Hold” and an average target price of $42.00.

Corporacion Inmobiliaria Vesta Trading Up 0.7%

NYSE:VTMX traded up $0.23 during trading hours on Thursday, reaching $35.04. 26,329 shares of the stock were exchanged, compared to its average volume of 74,673. Corporacion Inmobiliaria Vesta has a twelve month low of $25.28 and a twelve month high of $37.41. The business has a 50-day moving average of $34.30 and a two-hundred day moving average of $33.73. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 3.15 and a beta of 0.64. The company has a quick ratio of 5.66, a current ratio of 5.66 and a debt-to-equity ratio of 0.41.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.85. The business had revenue of $76.75 million during 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%. On average, equities analysts predict that Corporacion Inmobiliaria Vesta will post 2.52 EPS for the current year.

Corporacion Inmobiliaria Vesta Dividend Announcement

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

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.