Short Interest in Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) Increases By 28.0%

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) was the recipient of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 1,140,000 shares, a growth of 28.0% from the May 15th total of 890,600 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 212,300 shares, the short-interest ratio is presently 5.4 days.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

Several hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets acquired a new stake in Corporacion Inmobiliaria Vesta during the fourth quarter worth approximately $490,000. Anson Funds Management LP purchased a new position in shares of Corporacion Inmobiliaria Vesta during the 1st quarter worth $1,251,000. ABC Arbitrage SA purchased a new position in shares of Corporacion Inmobiliaria Vesta during the 1st quarter worth $1,291,000. Marshall Wace LLP boosted its holdings in shares of Corporacion Inmobiliaria Vesta by 12.5% during the fourth quarter. Marshall Wace LLP now owns 168,194 shares of the company’s stock worth $4,306,000 after purchasing an additional 18,682 shares during the last quarter. Finally, Centersquare Investment Management LLC grew its position in shares of Corporacion 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 purchasing an additional 34,620 shares during the period. Hedge funds and other institutional investors own 6.61% of the company’s stock.

Corporacion Inmobiliaria Vesta Stock Down 1.9%

Shares of NYSE VTMX opened at $27.17 on Wednesday. The stock has a market capitalization of $23.47 billion, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of 4.50 and a beta of 0.76. Corporacion Inmobiliaria Vesta has a 52 week low of $21.30 and a 52 week high of $32.84. The firm has a 50-day moving average price of $27.27 and a 200 day moving average price of $25.60. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.32.

Corporacion Inmobiliaria Vesta (NYSE:VTMX) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.33). The firm had revenue of $60.60 million for the quarter, compared to analyst estimates of $1.46 billion. Corporacion Inmobiliaria Vesta had a return on equity of 4.34% and a net margin of 43.85%. Equities research analysts anticipate that Corporacion Inmobiliaria Vesta will post 2.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VTMX shares. The Goldman Sachs Group restated a “sell” rating and set a $21.00 target price (down previously from $31.00) on shares of Corporacion Inmobiliaria Vesta in a research note on Tuesday, March 25th. Barclays decreased their price objective on shares of Corporacion Inmobiliaria Vesta from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Thursday, March 6th. Finally, Scotiabank raised Corporacion Inmobiliaria Vesta to a “strong-buy” rating in a report on Sunday, April 13th.

About Corporacion 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.