Logistic Properties of the Americas (NYSEAMERICAN:LPA) Stock Price Down 1% – Here’s What Happened

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

Analyst Ratings Changes

LPA has been the subject of a number of research reports. Btg Pactual set a $7.50 price objective on Logistic Properties of the Americas in a report on Sunday, May 24th. Zacks Research raised shares of Logistic Properties of the Americas to a “hold” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.50.

Logistic Properties of the Americas Stock Performance

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 firm has a market cap of $97.39 million, a P/E 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.

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

Hedge Funds Weigh In On Logistic Properties of the Americas

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in Logistic Properties of the Americas in the second quarter valued at $25,000. Russell Investments Group Ltd. purchased a new position in shares of Logistic Properties of the Americas in the 3rd quarter worth about $57,000. New York State Common Retirement Fund bought a new position in shares of Logistic Properties of the Americas during the 2nd quarter valued at approximately $98,000. Goldman Sachs Group Inc. increased its position in Logistic Properties of the Americas by 24.3% in the first quarter. Goldman Sachs Group Inc. now owns 23,762 shares of the company’s stock worth $212,000 after buying an additional 4,645 shares during the last quarter. Finally, Geode Capital Management LLC purchased a new stake in Logistic Properties of the Americas in the 2nd quarter worth about $275,000. Institutional investors and hedge funds own 42.71% of the company’s stock.

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.