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

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 608,600 shares, a drop of 18.3% from the September 15th total of 744,800 shares. Based on an average daily trading volume, of 192,000 shares, the short-interest ratio is currently 3.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VTMX. Lazard Asset Management LLC raised its holdings in shares of Corporación Inmobiliaria Vesta by 3,292.8% during the 1st quarter. Lazard Asset Management LLC now owns 336,600 shares of the company’s stock valued at $13,208,000 after purchasing an additional 326,679 shares in the last quarter. Marshall Wace LLP raised its holdings in Corporación Inmobiliaria Vesta by 358.1% in the 2nd quarter. Marshall Wace LLP now owns 144,167 shares of the company’s stock worth $4,324,000 after acquiring an additional 112,699 shares during the period. Centersquare Investment Management LLC raised its holdings in Corporación Inmobiliaria Vesta by 19.0% in the 1st quarter. Centersquare Investment Management LLC now owns 281,677 shares of the company’s stock worth $11,053,000 after acquiring an additional 44,907 shares during the period. Finally, Rhumbline Advisers raised its holdings in Corporación Inmobiliaria Vesta by 54.3% in the 2nd quarter. Rhumbline Advisers now owns 3,610 shares of the company’s stock worth $108,000 after acquiring an additional 1,270 shares during the period. Institutional investors own 6.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VTMX. The Goldman Sachs Group decreased their target price on shares of Corporación Inmobiliaria Vesta from $42.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, October 7th. Barclays decreased their target price on shares of Corporación Inmobiliaria Vesta from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st.

Corporación Inmobiliaria Vesta Stock Up 0.9 %

Corporación Inmobiliaria Vesta stock opened at $27.21 on Monday. The company has a market capitalization of $23.51 billion, a P/E ratio of 5.59 and a beta of 1.40. The firm’s fifty day simple moving average is $27.79 and its 200-day simple moving average is $31.66. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.32. Corporación Inmobiliaria Vesta has a 1-year low of $25.30 and a 1-year high of $41.44.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.73. The business had revenue of $63.02 million for the quarter. Corporación Inmobiliaria Vesta had a net margin of 179.79% and a return on equity of 17.11%. Sell-side analysts forecast that Corporación Inmobiliaria Vesta will post 3 earnings per share for the current fiscal year.

Corporación Inmobiliaria Vesta Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, October 11th were issued a dividend of $0.1843 per share. The ex-dividend date was Friday, October 11th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.71%. This is an increase from Corporación Inmobiliaria Vesta’s previous quarterly dividend of $0.15. Corporación Inmobiliaria Vesta’s dividend payout ratio (DPR) is currently 12.32%.

Corporación Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, SAB. de C.V., together with its subsidiaries, acquires, develops, manages, operates, and leases industrial buildings and distribution facilities in Mexico. The company was incorporated in 1998 and is headquartered in Mexico City, Mexico.