Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) Short Interest Update

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

Analysts Set New Price Targets

Several brokerages recently issued reports on VTMX. Scotiabank raised Corporación Inmobiliaria Vesta to a "strong-buy" rating in a research report on Sunday, April 13th. 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 report on Tuesday, March 25th. Finally, Barclays cut their target price on Corporación Inmobiliaria Vesta from $35.00 to $34.00 and set an "overweight" rating on the stock in a research report on Thursday, March 6th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets purchased a new position in Corporación Inmobiliaria Vesta in the fourth quarter worth $490,000. Anson Funds Management LP purchased a new position in Corporación Inmobiliaria Vesta in the first quarter worth $1,251,000. ABC Arbitrage SA purchased a new position in Corporación Inmobiliaria Vesta in the first quarter worth $1,291,000. Marshall Wace LLP boosted 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 worth $4,306,000 after purchasing an additional 18,682 shares during the last quarter. Finally, Centersquare Investment Management LLC boosted its position 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 worth $11,321,000 after purchasing an additional 34,620 shares during the last quarter. Hedge funds and other institutional investors own 6.61% of the company's stock.

Corporación Inmobiliaria Vesta Stock Up 0.9%

Shares of NYSE:VTMX traded up $0.27 during mid-day trading on Monday, hitting $29.11. 67,722 shares of the company traded hands, compared to its average volume of 204,235. The stock has a market cap of $25.15 billion, a P/E ratio of 12.44 and a beta of 0.74. The company has a current ratio of 2.68, a quick ratio of 4.59 and a debt-to-equity ratio of 0.31. Corporación Inmobiliaria Vesta has a 12-month low of $21.30 and a 12-month high of $34.80. The stock has a 50-day moving average price of $26.02 and a two-hundred day moving average price of $25.30.

Corporación Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last posted its quarterly earnings data 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). Corporación Inmobiliaria Vesta had a return on equity of 8.52% and a net margin of 88.52%. The business had revenue of $60.60 million during the quarter, compared to analysts' expectations of $1.46 billion. On average, equities research analysts forecast that Corporación Inmobiliaria Vesta will post 2.2 earnings per share for the current year.

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.