Short Interest in Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) Declines By 17.6%

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX - Get Free Report) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totalling 501,700 shares, a drop of 17.6% from the September 30th total of 608,600 shares. Based on an average trading volume of 192,500 shares, the short-interest ratio is currently 2.6 days.

Analyst Ratings Changes

VTMX has been the subject of a number of research analyst reports. The Goldman Sachs Group decreased their target price on Corporación Inmobiliaria Vesta from $42.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, October 7th. Barclays decreased their target price on Corporación Inmobiliaria Vesta from $40.00 to $38.00 and set an "overweight" rating for the company in a research report on Wednesday, July 31st.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in VTMX. Rhumbline Advisers increased its holdings in shares of Corporación Inmobiliaria Vesta by 54.3% in the second quarter. Rhumbline Advisers now owns 3,610 shares of the company's stock worth $108,000 after purchasing an additional 1,270 shares during the period. Marshall Wace LLP grew its position in Corporación Inmobiliaria Vesta by 358.1% in the second 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 in the last quarter. Centersquare Investment Management LLC grew its position 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 worth $11,053,000 after acquiring an additional 44,907 shares in the last quarter. Finally, Lazard Asset Management LLC grew its position 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 worth $13,208,000 after acquiring an additional 326,679 shares in the last quarter. Institutional investors own 6.94% of the company's stock.

Corporación Inmobiliaria Vesta Stock Performance

Corporación Inmobiliaria Vesta stock traded down $0.03 during trading on Monday, hitting $25.27. The stock had a trading volume of 73,207 shares, compared to its average volume of 151,529. Corporación Inmobiliaria Vesta has a 1 year low of $25.22 and a 1 year high of $41.44. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 0.31. The stock's 50 day moving average is $26.96 and its two-hundred day moving average is $30.61. The stock has a market cap of $21.83 billion, a price-to-earnings ratio of 5.72 and a beta of 1.40.

Corporación Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last issued its earnings results on Thursday, July 25th. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.73. Corporación Inmobiliaria Vesta had a net margin of 164.44% and a return on equity of 15.40%. The business had revenue of $63.02 million for the quarter. As a group, analysts predict that Corporación Inmobiliaria Vesta will post 3.1 EPS for the current year.

Corporación Inmobiliaria Vesta Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, October 11th were issued a dividend of $0.1843 per share. This is a boost from Corporación Inmobiliaria Vesta's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.74 dividend on an annualized basis and a yield of 2.92%. Corporación Inmobiliaria Vesta's payout ratio is presently 3.39%.

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.