Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) Short Interest Up 42.3% in February

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 836,400 shares, an increase of 42.3% from the January 31st total of 587,800 shares. Based on an average daily volume of 187,400 shares, the short-interest ratio is currently 4.5 days.

Analysts Set New Price Targets

Separately, Barclays cut their price target on shares of Corporación Inmobiliaria Vesta from $38.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 27th.

Corporación Inmobiliaria Vesta Trading Down 1.0 %

Shares of VTMX stock traded down $0.23 during mid-day trading on Tuesday, reaching $23.03. The company’s stock had a trading volume of 1,857,446 shares, compared to its average volume of 173,507. The company’s 50 day simple moving average is $25.34 and its 200-day simple moving average is $25.91. Corporación Inmobiliaria Vesta has a 12-month low of $22.56 and a 12-month high of $41.44. The company has a quick ratio of 4.59, a current ratio of 2.68 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $19.90 billion, a PE ratio of 9.84 and a beta of 0.95.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($1.10). Corporación Inmobiliaria Vesta had a return on equity of 8.52% and a net margin of 88.52%. The firm had revenue of $65.20 million for the quarter, compared to analysts’ expectations of $66.43 million. On average, research analysts predict that Corporación Inmobiliaria Vesta will post 2.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Corporación Inmobiliaria Vesta

A number of institutional investors have recently added to or reduced their stakes in VTMX. BNP Paribas Financial Markets acquired a new position in Corporación Inmobiliaria Vesta in the 4th quarter worth $490,000. Marshall Wace LLP lifted its holdings in Corporación Inmobiliaria Vesta by 12.5% in the 4th quarter. Marshall Wace LLP now owns 168,194 shares of the company’s stock worth $4,306,000 after buying an additional 18,682 shares in the last quarter. Finally, Centersquare Investment Management LLC lifted its holdings in Corporación Inmobiliaria Vesta by 8.5% in the 4th quarter. Centersquare Investment Management LLC now owns 442,212 shares of the company’s stock worth $11,321,000 after buying an additional 34,620 shares in the last quarter. Institutional investors and hedge funds own 6.61% of the company’s stock.

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.