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

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX - Get Free Report) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 721,900 shares, a decline of 13.7% from the February 13th total of 836,400 shares. Based on an average daily volume of 207,800 shares, the days-to-cover ratio is currently 3.5 days. Currently, 0.1% of the shares of the stock are sold short.

Corporación Inmobiliaria Vesta Price Performance

Shares of VTMX stock traded down $0.14 during trading hours on Friday, reaching $23.54. The company had a trading volume of 137,917 shares, compared to its average volume of 174,089. Corporación Inmobiliaria Vesta has a 12-month low of $22.10 and a 12-month high of $41.44. The company has a debt-to-equity ratio of 0.31, a quick ratio of 4.59 and a current ratio of 2.68. The company has a market capitalization of $20.34 billion, a price-to-earnings ratio of 10.06 and a beta of 1.04. The stock has a fifty day moving average of $24.82 and a 200-day moving average of $25.48.

Corporación Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last issued its 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 net margin of 88.52% and a return on equity of 8.52%. The company had revenue of $65.20 million during the quarter, compared to analysts' expectations of $66.43 million. On average, equities analysts anticipate that Corporación Inmobiliaria Vesta will post 2.2 earnings per share for the current year.

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Hedge Funds Weigh In On Corporación Inmobiliaria Vesta

Institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new stake in shares of Corporación Inmobiliaria Vesta during the 4th quarter worth approximately $490,000. Marshall Wace LLP grew its position in Corporación Inmobiliaria Vesta by 12.5% in the fourth 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, Centersquare Investment Management LLC increased its stake in Corporación Inmobiliaria Vesta by 8.5% during the fourth quarter. Centersquare Investment Management LLC now owns 442,212 shares of the company's stock worth $11,321,000 after acquiring an additional 34,620 shares during the last quarter. 6.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barclays reduced their target price on shares of Corporación Inmobiliaria Vesta from $35.00 to $34.00 and set an "overweight" rating for the company in a research 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.