Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) Short Interest Up 42.3% in February

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 836,400 shares, an increase of 42.3% from the January 31st total of 587,800 shares. Based on an average daily volume of 187,400 shares, the short-interest ratio is presently 4.5 days.

Corporación Inmobiliaria Vesta Stock Performance

Shares of VTMX stock traded up $0.75 during trading hours on Wednesday, hitting $23.74. The company’s stock had a trading volume of 31,747 shares, compared to its average volume of 172,954. The company has a current ratio of 2.68, a quick ratio of 4.59 and a debt-to-equity ratio of 0.31. The company has a 50 day moving average of $25.28 and a 200 day moving average of $25.86. Corporación Inmobiliaria Vesta has a 12-month low of $22.56 and a 12-month high of $41.44. The stock has a market cap of $20.51 billion, a PE ratio of 10.15 and a beta of 0.95.

Corporación Inmobiliaria Vesta (NYSE:VTMX) last released its quarterly earnings data 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 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 analyst estimates of $66.43 million. On average, sell-side analysts forecast that Corporación Inmobiliaria Vesta will post 2.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. 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 valued at $4,306,000 after acquiring an additional 18,682 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Corporación Inmobiliaria Vesta in the fourth quarter valued at $490,000. Finally, Centersquare Investment Management LLC lifted its stake 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 valued at $11,321,000 after buying an additional 34,620 shares during the last quarter. 6.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Barclays dropped their price target on shares of Corporación Inmobiliaria Vesta from $38.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th.

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.