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 growth in short interest during the month of February. As of February 15th, there was short interest totalling 836,400 shares, a growth of 42.3% from the January 31st total of 587,800 shares. Based on an average daily trading volume, of 187,400 shares, the days-to-cover ratio is presently 4.5 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VTMX. BNP Paribas Financial Markets acquired a new position in shares of Corporación Inmobiliaria Vesta during the 4th quarter worth $490,000. Marshall Wace LLP raised its stake in Corporación Inmobiliaria Vesta by 12.5% during the 4th quarter. Marshall Wace LLP now owns 168,194 shares of the company’s stock worth $4,306,000 after buying an additional 18,682 shares during the period. Finally, Centersquare Investment Management LLC raised its stake in shares of 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 purchasing an additional 34,620 shares during the last quarter. 6.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered their price target on Corporación Inmobiliaria Vesta from $38.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th.

Corporación Inmobiliaria Vesta Stock Performance

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

Corporación Inmobiliaria Vesta (NYSE:VTMX) last announced its quarterly earnings results on Tuesday, February 18th. The company reported ($0.76) 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 analyst estimates of $66.43 million. Equities analysts forecast that Corporación Inmobiliaria Vesta will post 2.2 EPS for the current fiscal 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.