Short Interest in Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) Grows By 38.4%

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX - Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 944,700 shares, an increase of 38.4% from the March 15th total of 682,700 shares. Based on an average daily volume of 216,700 shares, the short-interest ratio is presently 4.4 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Marshall Wace LLP boosted 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 valued at $4,306,000 after purchasing an additional 18,682 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in Corporación Inmobiliaria Vesta in the fourth quarter valued at approximately $490,000. Finally, Centersquare Investment Management LLC grew its position in Corporación Inmobiliaria Vesta by 8.5% in 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 period. Institutional investors and hedge funds own 6.61% of the company's stock.

Analysts Set New Price Targets

VTMX has been the topic of several analyst reports. The Goldman Sachs Group restated a "sell" rating and set a $21.00 price target (down previously from $31.00) on shares of Corporación Inmobiliaria Vesta in a research report on Tuesday, March 25th. Barclays decreased their price objective on shares of Corporación Inmobiliaria Vesta from $35.00 to $34.00 and set an "overweight" rating on the stock in a report on Thursday, March 6th. Finally, Scotiabank raised shares of Corporación Inmobiliaria Vesta to a "strong-buy" rating in a research note on Sunday, April 13th.

Corporación Inmobiliaria Vesta Price Performance

Shares of NYSE:VTMX traded up $1.26 during midday trading on Thursday, hitting $26.86. The company's stock had a trading volume of 106,630 shares, compared to its average volume of 215,298. Corporación Inmobiliaria Vesta has a 12-month low of $21.30 and a 12-month high of $37.92. The company has a market cap of $23.20 billion, a P/E ratio of 11.48 and a beta of 0.89. 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 business's 50 day simple moving average is $23.72 and its 200 day simple moving average is $24.87.

Corporación Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.33). Corporación Inmobiliaria Vesta had a net margin of 88.52% and a return on equity of 8.52%. The company had revenue of $60.60 million during the quarter, compared to analysts' expectations of $1.46 billion. On average, analysts forecast that Corporación Inmobiliaria Vesta will post 2.2 EPS for the current year.

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.