Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) Short Interest Down 18.4% in August

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX - Get Free Report) was the recipient of a significant drop in short interest in August. As of August 15th, there was short interest totalling 569,300 shares, a drop of 18.4% from the July 31st total of 697,500 shares. Based on an average trading volume of 193,200 shares, the days-to-cover ratio is presently 2.9 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in VTMX. Rhumbline Advisers boosted its holdings in Corporación Inmobiliaria Vesta by 54.3% in the second quarter. Rhumbline Advisers now owns 3,610 shares of the company's stock valued at $108,000 after acquiring an additional 1,270 shares in the last quarter. M&T Bank Corp bought a new stake in Corporación Inmobiliaria Vesta in the fourth quarter valued at $1,364,000. Marshall Wace LLP boosted its holdings in Corporación Inmobiliaria Vesta by 358.1% in the second quarter. Marshall Wace LLP now owns 144,167 shares of the company's stock valued at $4,324,000 after acquiring an additional 112,699 shares in the last quarter. Centersquare Investment Management LLC boosted its holdings in Corporación Inmobiliaria Vesta by 19.0% in the first quarter. Centersquare Investment Management LLC now owns 281,677 shares of the company's stock valued at $11,053,000 after acquiring an additional 44,907 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in Corporación Inmobiliaria Vesta by 3,292.8% in the first quarter. Lazard Asset Management LLC now owns 336,600 shares of the company's stock valued at $13,208,000 after acquiring an additional 326,679 shares in the last quarter. 6.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Barclays decreased their price target on shares of Corporación Inmobiliaria Vesta from $40.00 to $38.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 31st.

Corporación Inmobiliaria Vesta Price Performance

Shares of VTMX stock traded up $0.15 during trading hours on Friday, hitting $27.50. 268,625 shares of the company's stock were exchanged, compared to its average volume of 143,137. The company has a market capitalization of $23.76 billion, a PE ratio of 5.46 and a beta of 1.42. Corporación Inmobiliaria Vesta has a 12-month low of $26.75 and a 12-month high of $41.44. The business's 50 day simple moving average is $29.86 and its 200-day simple moving average is $33.83. 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 (NYSE:VTMX - Get Free Report) last issued its earnings results on Thursday, July 25th. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $0.50 by $0.73. Corporación Inmobiliaria Vesta had a net margin of 179.79% and a return on equity of 17.11%. The company had revenue of $63.02 million for the quarter. On average, equities research analysts anticipate that Corporación Inmobiliaria Vesta will post 3 earnings per share for the current year.

Corporación Inmobiliaria Vesta Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 15th were paid a $0.1549 dividend. This represents a $0.62 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Monday, July 15th. Corporación Inmobiliaria Vesta's payout ratio is 11.95%.

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.