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

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

Logistic Properties of the Americas Trading Down 0.3%

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

Logistic Properties of the Americas (NYSEAMERICAN:LPA) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.25) earnings per share for the quarter. The firm had revenue of $14.40 million during the quarter. Logistic Properties of the Americas had a net margin of 6.31% and a return on equity of 1.09%. On average, equities 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

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new stake in shares of Logistic Properties of the Americas during the second quarter valued at $25,000. 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 valued at $212,000 after purchasing an additional 4,645 shares during the last quarter. 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 valued at $54,000 after purchasing an additional 7,438 shares during the last quarter. New York State Common Retirement Fund purchased a new stake in shares of Logistic Properties of the Americas during the second quarter valued at $98,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Logistic Properties of the Americas during the second quarter valued at $275,000. 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.