Logistic Properties of the Americas (NYSEAMERICAN:LPA) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Logistic Properties of the Americas (NYSEAMERICAN:LPA) to a hold rating in a research note issued to investors on Wednesday,Zacks.com reports.

Logistic Properties of the Americas Price Performance

Shares of NYSEAMERICAN:LPA opened at $3.36 on Wednesday. The stock’s 50 day moving average is $3.21 and its 200-day moving average is $3.00. Logistic Properties of the Americas has a twelve month low of $2.04 and a twelve month high of $9.41. The firm has a market capitalization of $106.24 million, a price-to-earnings ratio of 33.60 and a beta of 5.51. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.88.

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

Institutional Investors Weigh In On Logistic Properties of the Americas

Several institutional investors have recently bought and sold shares of LPA. Cerity Partners LLC bought a new stake in Logistic Properties of the Americas during the fourth quarter worth $637,000. State Street Corp grew its holdings in 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 buying an additional 184,735 shares in the last quarter. Geode Capital Management LLC bought a new stake in Logistic Properties of the Americas during the second quarter worth $275,000. New York State Common Retirement Fund bought a new stake in Logistic Properties of the Americas during the second quarter worth $98,000. Finally, Russell Investments Group Ltd. bought a new stake in Logistic Properties of the Americas during the third quarter worth $57,000. Institutional investors own 42.71% of the company’s stock.

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.