Logistic Properties of the Americas (NYSEAMERICAN:LPA) Issues Quarterly Earnings Results

Logistic Properties of the Americas (NYSEAMERICAN:LPA) released its quarterly earnings data on Wednesday. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.36, FiscalAI reports. Logistic Properties of the Americas had a net margin of 6.31% and a return on equity of 1.08%. The firm had revenue of $14.74 million during the quarter, compared to analysts’ expectations of $14.14 million.

Logistic Properties of the Americas Stock Performance

LPA stock traded up $0.42 during trading hours on Wednesday, hitting $3.42. 149,036 shares of the stock were exchanged, compared to its average volume of 185,332. Logistic Properties of the Americas has a 12 month low of $2.04 and a 12 month high of $6.90. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $108.14 million, a P/E ratio of 34.20 and a beta of 5.38. The company has a 50-day simple moving average of $3.22 and a two-hundred day simple moving average of $3.09.

Hedge Funds Weigh In On Logistic Properties of the Americas

Several institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. acquired a new stake in Logistic Properties of the Americas in the 2nd quarter worth about $25,000. Goldman Sachs Group Inc. grew its position in shares of 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 worth $212,000 after purchasing an additional 4,645 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Logistic Properties of the Americas by 61.0% during 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 during the period. New York State Common Retirement Fund bought a new position in shares of Logistic Properties of the Americas during the second quarter worth approximately $98,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Logistic Properties of the Americas in the second quarter valued at approximately $275,000. 42.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LPA shares. Btg Pactual set a $7.50 target price on shares of Logistic Properties of the Americas in a research note on Sunday, May 24th. Zacks Research upgraded shares of Logistic Properties of the Americas to a “hold” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average price target of $7.50.

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.