Logistic Properties of the Americas (NYSEAMERICAN:LPA) Announces Earnings Results, Beats Estimates By $0.36 EPS

Logistic Properties of the Americas (NYSEAMERICAN:LPA) issued its quarterly earnings data on Wednesday. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.36, FiscalAI reports. Logistic Properties of the Americas had a return on equity of 1.08% and a net margin of 6.31%.The firm had revenue of $14.74 million during the quarter, compared to analyst estimates of $14.14 million.

Logistic Properties of the Americas Stock Performance

LPA stock traded up $0.42 during midday trading on Wednesday, reaching $3.42. The company had a trading volume of 148,573 shares, compared to its average volume of 185,315. The firm has a market capitalization of $108.14 million, a PE ratio of 34.20 and a beta of 5.38. 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 quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.93. The stock has a 50 day moving average price of $3.22 and a 200 day moving average price of $3.09.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LPA. 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 research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $7.50.

Hedge Funds Weigh In On Logistic Properties of the Americas

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new position in shares of Logistic Properties of the Americas during the second quarter valued at approximately $25,000. Goldman Sachs Group Inc. lifted its position in 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 worth $212,000 after purchasing an additional 4,645 shares during the period. Russell Investments Group Ltd. lifted its position in Logistic Properties of the Americas by 61.0% in 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. New York State Common Retirement Fund bought a new position in Logistic Properties of the Americas during the 2nd quarter valued at $98,000. Finally, Geode Capital Management LLC acquired a new position in shares of Logistic Properties of the Americas during the 2nd quarter valued at $275,000. Institutional investors 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.