Logistic Properties of the Americas (NYSEAMERICAN:LPA) Shares Up 4% - Here's Why

Key Points

• Logistic Properties of the Americas (NYSEAMERICAN:LPA) rose 4% on Friday, with shares trading as high as $3.84 on volume that was 118% above average.
• The company recently reported quarterly earnings of $0.24 per share on revenue of $13.71 million, with a net margin of 20.98%.
• Institutional investors have been active in the stock, and now own about 42.71% of the company’s shares.

Logistic Properties of the Americas (NYSEAMERICAN:LPA - Get Free Report) shares shot up 4% during trading on Friday . The company traded as high as $3.84 and last traded at $3.40. 40,493 shares traded hands during trading, an increase of 118% from the average session volume of 18,567 shares. The stock had previously closed at $3.27.

Logistic Properties of the Americas Stock Performance

The stock has a market capitalization of $107.51 million, a P/E ratio of 10.30 and a beta of 5.51. The stock has a 50 day moving average of $3.12 and a 200 day moving average of $3.01. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.24 and a current ratio of 1.24.

Logistic Properties of the Americas (NYSEAMERICAN:LPA - Get Free Report) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.24 EPS for the quarter. The firm had revenue of $13.71 million during the quarter. Logistic Properties of the Americas had a return on equity of 3.53% and a net margin of 20.98%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LPA. JPMorgan Chase & Co. bought a new position in shares of Logistic Properties of the Americas in the second quarter worth $25,000. Russell Investments Group Ltd. grew its stake in shares of 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 in the last quarter. New York State Common Retirement Fund bought a new position in shares of Logistic Properties of the Americas in the second quarter worth $98,000. Goldman Sachs Group Inc. grew its stake in shares of 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 in the last quarter. Finally, Geode Capital Management LLC bought a new position in shares of Logistic Properties of the Americas in the second quarter worth $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.

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