Logistic Properties of the Americas (NYSEAMERICAN:LPA) Short Interest Up 27.8% in March

Logistic Properties of the Americas (NYSEAMERICAN:LPA) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 95,697 shares, a growth of 27.8% from the February 26th total of 74,885 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 12,649 shares, the days-to-cover ratio is currently 7.6 days.

Logistic Properties of the Americas Trading Up 0.6%

Shares of LPA stock opened at $3.30 on Wednesday. Logistic Properties of the Americas has a 12 month low of $2.04 and a 12 month high of $9.41. The company has a market cap of $104.35 million, a PE ratio of 10.00 and a beta of 6.11. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.88. The business’s 50 day moving average is $2.73 and its two-hundred day moving average is $3.30.

Logistic Properties of the Americas (NYSEAMERICAN:LPA) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.24 earnings per share for the quarter. The business had revenue of $13.71 million during the quarter. Logistic Properties of the Americas had a net margin of 20.98% and a return on equity of 3.53%.

Institutional Investors Weigh In On Logistic Properties of the Americas

A number of hedge funds have recently bought and sold shares of LPA. Cerity Partners LLC acquired a new stake in shares of Logistic Properties of the Americas in the fourth quarter valued at about $637,000. State Street Corp boosted its stake in Logistic Properties of the Americas by 1,037.8% during the 4th quarter. State Street Corp now owns 202,535 shares of the company’s stock valued at $553,000 after purchasing an additional 184,735 shares during the period. Geode Capital Management LLC acquired a new stake in Logistic Properties of the Americas in the 2nd quarter valued at approximately $275,000. Goldman Sachs Group Inc. grew its holdings in Logistic Properties of the Americas by 24.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 23,762 shares of the company’s stock valued at $212,000 after buying an additional 4,645 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in Logistic Properties of the Americas by 61.0% in the 4th quarter. Russell Investments Group Ltd. now owns 19,640 shares of the company’s stock worth $54,000 after buying an additional 7,438 shares during the period. 42.71% of the stock is currently owned by institutional investors.

Logistic Properties of the Americas Company Profile

Logistic Properties of the Americas (NYSE American: LPA) is a publicly traded real estate investment trust focused on the acquisition, development, and management of Class A industrial properties across the Americas. The company’s portfolio comprises modern logistics and distribution facilities strategically located in key markets throughout the United States, Mexico, and Latin America. By targeting high-barrier-to-entry locations, Logistic Properties of the Americas aims to support growing demand from e-commerce, retail, manufacturing, and third-party logistics providers.

Founded in 2020, the company launched its initial public offering in late 2020 and is overseen by a management team with deep experience in industrial real estate and supply chain operations.