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

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Scotiabank upgraded shares of Corporacion Inmobiliaria Vesta to a “strong-buy” rating in a report on Sunday, April 13th. Barclays reduced their price objective on shares of Corporacion Inmobiliaria Vesta from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Thursday, March 6th. Finally, The Goldman Sachs Group restated a “sell” rating and issued a $21.00 price objective (down from $31.00) on shares of Corporacion Inmobiliaria Vesta in a report on Tuesday, March 25th.

Hedge Funds Weigh In On Corporacion Inmobiliaria Vesta

Institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new position in Corporacion Inmobiliaria Vesta in the 4th quarter valued at about $490,000. Anson Funds Management LP acquired a new position in shares of Corporacion Inmobiliaria Vesta during the first quarter worth about $1,251,000. ABC Arbitrage SA acquired a new position in shares of Corporacion Inmobiliaria Vesta during the first quarter worth about $1,291,000. Marshall Wace LLP grew its position 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 buying an additional 18,682 shares in the last quarter. Finally, Centersquare Investment Management LLC grew its position in shares of Corporacion Inmobiliaria Vesta by 8.5% during the fourth 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. 6.61% of the stock is owned by institutional investors and hedge funds.

Corporacion Inmobiliaria Vesta Stock Performance

NYSE VTMX opened at $27.44 on Friday. The company has a market cap of $23.71 billion, a P/E ratio of 24.95, a P/E/G ratio of 4.46 and a beta of 0.76. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a 50-day moving average of $27.46 and a two-hundred day moving average of $25.64. Corporacion Inmobiliaria Vesta has a 1-year low of $21.30 and a 1-year high of $32.84.

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

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.