Short Interest in Logistic Properties of the Americas (NYSEAMERICAN:LPA) Decreases By 40.9%

Logistic Properties of the Americas (NYSEAMERICAN:LPA) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 121,399 shares, a decline of 40.9% from the June 30th total of 205,334 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 48,195 shares, the short-interest ratio is currently 2.5 days.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LPA. Btg Pactual set a $7.50 price objective on shares of Logistic Properties of the Americas in a research note on Sunday, May 24th. Zacks Research raised shares of Logistic Properties of the Americas to a “hold” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $7.50.

Logistic Properties of the Americas Stock Performance

Shares of Logistic Properties of the Americas stock opened at $2.94 on Friday. Logistic Properties of the Americas has a 52 week low of $2.04 and a 52 week high of $6.90. The company has a 50 day moving average price of $3.22 and a 200 day moving average price of $3.09. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $92.96 million, a P/E ratio of 29.40 and a beta of 5.31.

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%. Sell-side analysts expect that Logistic Properties of the Americas will post 0.23 EPS for the current year.

Institutional Investors Weigh In On Logistic Properties of the Americas

Several hedge funds have recently bought and sold shares of the stock. Cerity Partners LLC acquired a new stake in Logistic Properties of the Americas during the fourth quarter valued at $637,000. State Street Corp lifted its position in shares of Logistic Properties of the Americas by 1,037.8% in the fourth quarter. State Street Corp now owns 202,535 shares of the company’s stock valued at $553,000 after acquiring an additional 184,735 shares in the last quarter. Geode Capital Management LLC acquired a new stake in Logistic Properties of the Americas during the 2nd quarter worth $275,000. Goldman Sachs Group Inc. grew its stake in Logistic Properties of the Americas by 24.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 23,762 shares of the company’s stock valued at $212,000 after acquiring an additional 4,645 shares in the last quarter. Finally, New York State Common Retirement Fund acquired a new stake in shares of Logistic Properties of the Americas in the second quarter valued at approximately $98,000. Hedge funds and other institutional investors 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.