Short Interest in Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) Drops By 38.6%

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX - Get Free Report) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 890,600 shares, a drop of 38.6% from the April 30th total of 1,450,000 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 254,400 shares, the short-interest ratio is presently 3.5 days.

Corporación Inmobiliaria Vesta Stock Performance

Corporación Inmobiliaria Vesta stock traded down $0.16 during midday trading on Wednesday, reaching $28.62. 75,907 shares of the company traded hands, compared to its average volume of 202,274. The firm has a market capitalization of $24.73 billion, a price-to-earnings ratio of 12.23 and a beta of 0.76. The business has a 50 day moving average of $26.23 and a two-hundred day moving average of $25.35. Corporación Inmobiliaria Vesta has a 12 month low of $21.30 and a 12 month high of $33.72. 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 (NYSE:VTMX - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.33). Corporación Inmobiliaria Vesta had a net margin of 88.52% and a return on equity of 8.52%. The business had revenue of $60.60 million for the quarter, compared to analysts' expectations of $1.46 billion. As a group, research analysts predict that Corporación Inmobiliaria Vesta will post 2.2 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on VTMX. Barclays dropped their price objective on shares of Corporación Inmobiliaria Vesta from $35.00 to $34.00 and set an "overweight" rating for the company in a report on Thursday, March 6th. The Goldman Sachs Group reaffirmed a "sell" rating and set a $21.00 target price (down previously from $31.00) on shares of Corporación Inmobiliaria Vesta in a research note on Tuesday, March 25th. Finally, Scotiabank raised shares of Corporación Inmobiliaria Vesta to a "strong-buy" rating in a research note on Sunday, April 13th.

Institutional Trading of Corporación Inmobiliaria Vesta

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Anson Funds Management LP purchased a new stake in shares of Corporación Inmobiliaria Vesta in the first quarter worth $1,251,000. ABC Arbitrage SA bought a new stake in shares of Corporación Inmobiliaria Vesta in the 1st quarter valued at about $1,291,000. BNP Paribas Financial Markets bought a new stake in shares of Corporación Inmobiliaria Vesta in the 4th quarter valued at about $490,000. Marshall Wace LLP grew its position in shares of Corporación Inmobiliaria Vesta by 12.5% in 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 last quarter. Finally, Centersquare Investment Management LLC grew its position in shares of Corporación Inmobiliaria Vesta by 8.5% in 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 during the last quarter. 6.61% of the stock is owned by hedge funds and other institutional investors.

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.