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

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) saw a large decrease in short interest during the month of 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. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 207,800 shares, the days-to-cover ratio is currently 3.5 days.

Analyst Upgrades and Downgrades

Separately, Barclays cut their price objective on Corporación Inmobiliaria Vesta from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, March 6th.

Hedge Funds Weigh In On Corporación Inmobiliaria Vesta

A number of hedge funds and other institutional investors have recently made changes to their positions in VTMX. Centersquare Investment Management LLC grew its position in shares of Corporación Inmobiliaria Vesta by 8.5% during 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. BNP Paribas Financial Markets bought a new position in shares of Corporación Inmobiliaria Vesta during the 4th quarter worth $490,000. Finally, Marshall Wace LLP boosted its position in Corporación Inmobiliaria Vesta by 12.5% during the fourth 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 in the last quarter. Institutional investors own 6.61% of the company’s stock.

Corporación Inmobiliaria Vesta Trading Up 2.7 %

Corporación Inmobiliaria Vesta stock traded up $0.62 during mid-day trading on Wednesday, hitting $23.75. The company’s stock had a trading volume of 65,125 shares, compared to its average volume of 173,093. The company has a 50 day moving average of $24.86 and a 200-day moving average of $25.54. The stock has a market cap of $20.52 billion, a PE ratio of 10.15 and a beta of 1.04. The company has a debt-to-equity ratio of 0.31, a quick ratio of 4.59 and a current ratio of 2.68. Corporación Inmobiliaria Vesta has a one year low of $22.10 and a one year high of $41.44.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last posted its quarterly earnings results on Tuesday, February 18th. The company reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $66.43 million. On average, research analysts anticipate that Corporación Inmobiliaria Vesta will post 2.2 EPS for the current year.

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.