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

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX) saw a large increase in short interest during 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. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 212,300 shares, the days-to-cover ratio is presently 5.4 days.

Institutional Investors Weigh In On Corporacion Inmobiliaria Vesta

Several large investors have recently made changes to their positions in the business. Anson Funds Management LP acquired a new stake in shares of Corporacion Inmobiliaria Vesta in the first quarter valued at about $1,251,000. ABC Arbitrage SA acquired a new position in Corporacion Inmobiliaria Vesta during the 1st quarter worth approximately $1,291,000. BNP Paribas Financial Markets purchased a new position in Corporacion Inmobiliaria Vesta in the 4th quarter worth approximately $490,000. Marshall Wace LLP boosted its holdings in Corporacion 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 acquiring an additional 18,682 shares during the period. Finally, Centersquare Investment Management LLC grew its position in Corporacion 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 acquiring an additional 34,620 shares in the last quarter. Institutional investors and hedge funds own 6.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on VTMX shares. The Goldman Sachs Group reaffirmed a “sell” rating and set a $21.00 price target (down previously from $31.00) on shares of Corporacion Inmobiliaria Vesta in a research report on Tuesday, March 25th. Scotiabank raised shares of Corporacion Inmobiliaria Vesta to a “strong-buy” rating in a research note on Sunday, April 13th. Finally, Barclays cut their target price on Corporacion Inmobiliaria Vesta from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, March 6th.

Corporacion Inmobiliaria Vesta Stock Performance

Corporacion Inmobiliaria Vesta stock opened at $27.17 on Wednesday. The company has a market cap of $23.47 billion, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of 4.50 and a beta of 0.76. Corporacion Inmobiliaria Vesta has a 12 month low of $21.30 and a 12 month high of $32.84. 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’s 50-day moving average is $27.27 and its 200-day moving average is $25.60.

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