Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) Sees Large Decrease in Short Interest

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 721,900 shares, a decrease of 13.7% from the February 13th total of 836,400 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 207,800 shares, the short-interest ratio is presently 3.5 days.

Institutional Investors Weigh In On Corporación Inmobiliaria Vesta

Several institutional investors have recently modified their holdings of VTMX. Centersquare Investment Management LLC lifted its position in shares of Corporación Inmobiliaria Vesta by 8.5% in the fourth quarter. Centersquare Investment Management LLC now owns 442,212 shares of the company’s stock valued at $11,321,000 after acquiring an additional 34,620 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Corporación Inmobiliaria Vesta by 12.5% during the 4th quarter. Marshall Wace LLP now owns 168,194 shares of the company’s stock worth $4,306,000 after acquiring an additional 18,682 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in shares of Corporación Inmobiliaria Vesta in the 4th quarter valued at $490,000. Hedge funds and other institutional investors own 6.61% of the company’s stock.

Corporación Inmobiliaria Vesta Trading Up 2.2 %

NYSE VTMX opened at $23.64 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.68 and a quick ratio of 4.59. The company has a market capitalization of $20.42 billion, a price-to-earnings ratio of 10.10 and a beta of 1.04. The firm’s fifty day moving average price is $24.84 and its 200 day moving average price is $25.53. Corporación Inmobiliaria Vesta has a 12 month low of $22.10 and a 12 month high of $41.44.

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

Wall Street Analysts Forecast Growth

Separately, Barclays dropped their price objective on shares of Corporación Inmobiliaria Vesta from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Thursday, March 6th.

About Corporación Inmobiliaria Vesta

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.