Logistic Properties of the Americas (NYSEAMERICAN:LPA) Stock Rating Upgraded by Zacks Research

Logistic Properties of the Americas (NYSEAMERICAN:LPA) was upgraded by investment analysts at Zacks Research to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Logistic Properties of the Americas Stock Down 0.3%

Logistic Properties of the Americas stock opened at $3.36 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $106.24 million, a price-to-earnings ratio of 33.60 and a beta of 5.51. The business has a fifty day moving average price of $3.21 and a 200-day moving average price of $3.00. Logistic Properties of the Americas has a 1-year low of $2.04 and a 1-year high of $9.41.

Logistic Properties of the Americas (NYSEAMERICAN:LPA) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share for the quarter. The business had revenue of $14.40 million during the quarter. Logistic Properties of the Americas had a return on equity of 1.09% and a net margin of 6.31%. Equities research analysts forecast that Logistic Properties of the Americas will post 0.66 EPS for the current fiscal year.

Institutional Trading of Logistic Properties of the Americas

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cerity Partners LLC acquired a new stake in Logistic Properties of the Americas during the 4th quarter worth about $637,000. State Street Corp lifted its holdings in shares of Logistic Properties of the Americas by 1,037.8% during the fourth quarter. State Street Corp now owns 202,535 shares of the company’s stock worth $553,000 after purchasing an additional 184,735 shares during the period. Geode Capital Management LLC acquired a new stake in shares of Logistic Properties of the Americas during the second quarter worth about $275,000. Goldman Sachs Group Inc. lifted its holdings in shares of Logistic Properties of the Americas by 24.3% during the first 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 during the period. Finally, Russell Investments Group Ltd. lifted 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. 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.