Logistic Properties of the Americas (NYSEAMERICAN:LPA) Trading Down 1% – Should You Sell?

Logistic Properties of the Americas (NYSEAMERICAN:LPA) shares were down 1% during trading on Friday . The company traded as low as $2.94 and last traded at $3.08. 45,327 shares were traded during trading, a decline of 62% from the average daily volume of 120,291 shares. The stock had previously closed at $3.11.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Zacks Research raised Logistic Properties of the Americas to a “hold” rating in a research note on Wednesday, May 13th. Btg Pactual set a $7.50 price objective on Logistic Properties of the Americas in a research report on Sunday, May 24th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $7.50.

Logistic Properties of the Americas Stock Down 1.0%

The company has a market cap of $97.39 million, a PE ratio of 30.80 and a beta of 5.31. The company’s 50 day moving average is $3.29 and its 200 day moving average is $3.07. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.93.

Logistic Properties of the Americas (NYSEAMERICAN:LPA) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.25) earnings per share for the quarter. The company had revenue of $14.40 million for the quarter. Logistic Properties of the Americas had a net margin of 6.31% and a return on equity of 1.08%. As a group, analysts predict that Logistic Properties of the Americas will post 0.23 earnings per share for the current fiscal year.

Institutional Trading of Logistic Properties of the Americas

A number of large investors have recently modified their holdings of LPA. Russell Investments Group Ltd. grew its stake in Logistic Properties of the Americas by 61.0% in the fourth quarter. Russell Investments Group Ltd. now owns 19,640 shares of the company’s stock worth $54,000 after purchasing an additional 7,438 shares in the last quarter. State Street Corp raised its position 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 in the last quarter. Cerity Partners LLC bought a new stake in Logistic Properties of the Americas during the 4th quarter valued at $637,000. New York State Common Retirement Fund purchased a new stake in shares of Logistic Properties of the Americas in the 2nd quarter worth $98,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Logistic Properties of the Americas in the 2nd quarter worth $25,000. Hedge funds and other institutional investors own 42.71% of the company’s stock.

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.