Logistic Properties of the Americas (NYSEAMERICAN:LPA) Sees Large Decrease in Short Interest

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

Logistic Properties of the Americas Stock Performance

Shares of LPA traded up $0.01 during trading hours on Friday, hitting $2.94. The stock had a trading volume of 12,989 shares, compared to its average volume of 193,159. The firm has a 50-day moving average price of $3.22 and a 200 day moving average price of $3.09. The firm has a market capitalization of $92.96 million, a price-to-earnings ratio of 29.40 and a beta of 5.31. Logistic Properties of the Americas has a fifty-two week low of $2.04 and a fifty-two week high of $6.90. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.57 and a current ratio of 1.57.

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

Wall Street Analyst Weigh In

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

Institutional Trading of Logistic Properties of the Americas

Several institutional investors and hedge funds have recently bought and sold shares of LPA. JPMorgan Chase & Co. acquired a new position in Logistic Properties of the Americas in the 2nd quarter valued at about $25,000. Russell Investments Group Ltd. acquired a new stake in Logistic Properties of the Americas during the 3rd quarter worth $57,000. New York State Common Retirement Fund purchased a new stake in shares of Logistic Properties of the Americas in the 2nd quarter valued at about $98,000. Goldman Sachs Group Inc. boosted its holdings in shares of 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 acquiring an additional 4,645 shares during the period. Finally, Geode Capital Management LLC purchased a new position in Logistic Properties of the Americas during the 2nd quarter worth $275,000. 42.71% of the stock is currently owned by hedge funds and other institutional investors.

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.