Logistic Properties of the Americas (NYSEAMERICAN:LPA – Get Free Report) was down 1.4% on Friday . The stock traded as low as $2.75 and last traded at $2.85. Approximately 14,520 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 21,910 shares. The stock had previously closed at $2.89.
Analysts Set New Price Targets
Several equities research 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 upgraded shares of Logistic Properties of the Americas to a “hold” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $7.50.
View Our Latest Research Report on Logistic Properties of the Americas
Logistic Properties of the Americas Stock Down 1.4%
Logistic Properties of the Americas (NYSEAMERICAN:LPA – Get Free Report) last posted its quarterly earnings data 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 1.08% and a net margin of 6.31%.The business had revenue of $14.40 million for the quarter. Equities research analysts anticipate that Logistic Properties of the Americas will post 0.37 EPS for the current fiscal year.
Institutional Investors Weigh In On Logistic Properties of the Americas
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its holdings in Logistic Properties of the Americas by 61.0% during the 4th 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 last quarter. State Street Corp lifted its holdings in Logistic Properties of the Americas by 1,037.8% during the 4th quarter. State Street Corp now owns 202,535 shares of the company’s stock worth $553,000 after buying an additional 184,735 shares during the last quarter. Cerity Partners LLC bought a new position in Logistic Properties of the Americas during the 4th quarter worth approximately $637,000. New York State Common Retirement Fund bought a new position in Logistic Properties of the Americas during the 2nd quarter worth approximately $98,000. Finally, JPMorgan Chase & Co. bought a new position in Logistic Properties of the Americas during the 2nd quarter worth approximately $25,000. 42.71% of the stock is currently owned by hedge funds and other institutional investors.
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.
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