Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Short Interest Down 30.2% in September

Key Points

• Short interest in Corporacion Inmobiliaria Vesta decreased by 30.2% in September, falling from 475,300 shares to 331,900 shares as of September 15th.
• Wall Street analysts have a mixed outlook on the stock, with a consensus rating of "Hold" and a target price of $31.33, while Barclays raised its price objective to $38.00.
• Institutional investors increased their holdings in the company, with notable increases from BNP Paribas and Lazard Asset Management during the second quarter.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 331,900 shares, a drop of 30.2% from the August 31st total of 475,300 shares. Based on an average trading volume of 127,300 shares, the days-to-cover ratio is presently 2.6 days. Based on an average trading volume of 127,300 shares, the days-to-cover ratio is presently 2.6 days.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VTMX. Barclays upped their price objective on shares of Corporacion Inmobiliaria Vesta from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Corporacion Inmobiliaria Vesta in a research report on Saturday, September 27th. Zacks Research upgraded Corporacion Inmobiliaria Vesta from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 14th. UBS Group cut their price objective on Corporacion Inmobiliaria Vesta from $36.00 to $35.00 and set a "buy" rating for the company in a research report on Monday, September 15th. Finally, Wall Street Zen raised shares of Corporacion Inmobiliaria Vesta from a "sell" rating to a "hold" rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Corporacion Inmobiliaria Vesta currently has a consensus rating of "Hold" and a consensus target price of $31.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its holdings in Corporacion Inmobiliaria Vesta by 38.1% in the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company's stock valued at $1,017,000 after purchasing an additional 10,236 shares during the period. Lazard Asset Management LLC grew its stake in shares of Corporacion Inmobiliaria Vesta by 6.6% during the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company's stock valued at $8,803,000 after buying an additional 19,967 shares during the period. Anson Funds Management LP purchased a new position in shares of Corporacion Inmobiliaria Vesta in the 1st quarter worth $1,251,000. Finally, ABC Arbitrage SA acquired a new position in Corporacion Inmobiliaria Vesta in the first quarter valued at $1,291,000. Institutional investors and hedge funds own 6.61% of the company's stock.

Corporacion Inmobiliaria Vesta Price Performance

Shares of VTMX opened at $26.99 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.82 and a quick ratio of 1.82. Corporacion Inmobiliaria Vesta has a 1-year low of $21.30 and a 1-year high of $30.07. The stock has a market cap of $23.32 billion, a PE ratio of 142.05, a price-to-earnings-growth ratio of 4.39 and a beta of 0.69. The firm has a fifty day moving average price of $27.87 and a 200 day moving average price of $26.92.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.18). The firm had revenue of $62.20 million for the quarter, compared to analyst estimates of $1.43 billion. Corporacion Inmobiliaria Vesta had a return on equity of 1.24% and a net margin of 12.15%. Corporacion Inmobiliaria Vesta has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Corporacion Inmobiliaria Vesta will post 2.2 EPS for the current year.

Corporacion 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.

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