Logistic Properties of the Americas (NYSEAMERICAN:LPA) Shares Down 1.4% – Time to Sell?

Logistic Properties of the Americas (NYSEAMERICAN:LPA) shares dropped 1.4% on Friday . The stock traded as low as $2.75 and last traded at $2.85. Approximately 14,520 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 21,910 shares. The stock had previously closed at $2.89.

Analyst Ratings Changes

LPA has been the subject of several analyst reports. Zacks Research upgraded Logistic Properties of the Americas to a “hold” rating in a report on Wednesday, May 13th. Btg Pactual set a $7.50 price target on Logistic Properties of the Americas in a research report on Sunday, May 24th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $7.50.

Logistic Properties of the Americas Trading Down 1.4%

The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.57 and a current ratio of 1.57. The company has a 50-day simple moving average of $3.32 and a 200 day simple moving average of $2.99. The company has a market capitalization of $90.12 million, a P/E ratio of 28.50 and a beta of 5.28.

Logistic Properties of the Americas (NYSEAMERICAN:LPA) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.25) EPS for the quarter. The business had revenue of $14.40 million during the quarter. Logistic Properties of the Americas had a return on equity of 1.08% and a net margin of 6.31%. Sell-side analysts expect that Logistic Properties of the Americas will post 0.37 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Cerity Partners LLC bought a new position in Logistic Properties of the Americas in the 4th quarter worth approximately $637,000. State Street Corp increased its position in shares of Logistic Properties of the Americas by 1,037.8% during the fourth 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 bought a new stake in shares of Logistic Properties of the Americas during the second quarter valued at approximately $275,000. Goldman Sachs Group Inc. increased its position in shares of Logistic Properties of the Americas by 24.3% during the first quarter. Goldman Sachs Group Inc. now owns 23,762 shares of the company’s stock valued at $212,000 after purchasing an additional 4,645 shares during the period. Finally, New York State Common Retirement Fund bought a new stake in shares of Logistic Properties of the Americas during the second quarter valued at approximately $98,000. 42.71% of the stock is owned by institutional investors.

About Logistic Properties of the Americas

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.