Logistic Properties of the Americas (NYSEAMERICAN:LPA) experienced a notable decrease in short interest, falling by 29.0% in December. As of December 15, 2023, the total short interest was recorded at 78,619 shares, down from 110,797 shares on November 30, 2023. With an average trading volume of 28,729 shares, this decline has resulted in a days-to-cover ratio of approximately 2.7 days. Currently, 0.4% of the company’s shares are sold short.
Institutional Investors Adjust Holdings
Recent actions by institutional investors demonstrate a fluctuating interest in Logistic Properties of the Americas. Notably, Russell Investments Group Ltd. acquired a new stake valued at $57,000 during the third quarter. The New York State Common Retirement Fund also bought a new stake in the company worth $98,000 in the second quarter. Furthermore, JPMorgan Chase & Co. purchased shares valued at approximately $25,000 during the same period.
Additionally, Geode Capital Management LLC invested about $275,000 in the second quarter. Meanwhile, Goldman Sachs Group Inc. increased its holdings by 24.3% during the first quarter, now owning 23,762 shares valued at $212,000 after acquiring an additional 4,645 shares.
Currently, institutional investors own 42.71% of the stock, indicating a significant level of confidence among large shareholders.
Logistic Properties of the Americas’ Market Performance
On Wednesday, the shares of Logistic Properties of the Americas traded at $2.73, reflecting a modest increase of $0.04. The trading volume for the day reached 10,649 shares, which is below the average volume of 48,365 shares. The company maintains a 50-day moving average of $3.10 and a 200-day moving average of $5.04.
With a market capitalization of $86.05 million, Logistic Properties of the Americas holds a price-to-earnings ratio of 11.87 and a beta of 6.03. The company’s financial health is further illustrated by a debt-to-equity ratio of 0.88, alongside both quick and current ratios of 1.05. Over the past year, the stock has seen a low of $2.55 and a high of $11.47.
Logistic Properties of the Americas operates as a publicly traded real estate investment trust focused on acquiring, developing, and managing Class A industrial properties across the Americas. Established in 2020, the company targets modern logistics and distribution facilities situated in strategically important markets throughout the United States, Mexico, and Latin America. By concentrating on high-barrier-to-entry locations, the firm aims to meet the increasing demand from sectors such as e-commerce and third-party logistics.
As the company continues to navigate the evolving landscape of industrial real estate, its management team remains committed to leveraging their extensive expertise in supply chain operations to drive future growth.
