Logistic Properties of the Americas (NYSEAMERICAN:LPA) Short Interest Down 40.9% in July

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Zacks Research raised shares of 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 note on Sunday, May 24th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $7.50.

Hedge Funds Weigh In On Logistic Properties of the Americas

Several institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired a new stake in shares of Logistic Properties of the Americas during the 2nd quarter worth approximately $25,000. Russell Investments Group Ltd. bought a new position in Logistic Properties of the Americas during the third quarter worth $57,000. New York State Common Retirement Fund acquired a new stake in Logistic Properties of the Americas in the second quarter worth $98,000. Goldman Sachs Group Inc. increased its stake 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 valued at $212,000 after purchasing an additional 4,645 shares in the last quarter. Finally, Geode Capital Management LLC bought a new stake in Logistic Properties of the Americas in the second quarter valued at $275,000. 42.71% of the stock is owned by institutional investors and hedge funds.

Logistic Properties of the Americas Trading Up 1.0%

NYSEAMERICAN LPA traded up $0.03 on Thursday, hitting $2.93. The company’s stock had a trading volume of 33,938 shares, compared to its average volume of 194,408. The company’s 50-day moving average is $3.22 and its 200 day moving average is $3.09. The firm has a market cap of $92.65 million, a PE ratio of 29.30 and a beta of 5.31. Logistic Properties of the Americas has a 1-year low of $2.04 and a 1-year high of $6.90. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.93.

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

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.