FIBRA Prologis (OTCMKTS:FBBPF) Stock Price Down 1.7% – Here’s What Happened

Shares of FIBRA Prologis (OTCMKTS:FBBPF) were down 1.7% during trading on Monday . The stock traded as low as $4.44 and last traded at $4.44. Approximately 5,076 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 6,916 shares. The stock had previously closed at $4.5150.

Analysts Set New Price Targets

FBBPF has been the subject of several research analyst reports. Zacks Research upgraded shares of FIBRA Prologis to a “hold” rating in a research note on Wednesday, May 13th. Barclays restated an “overweight” rating on shares of FIBRA Prologis in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, FIBRA Prologis currently has an average rating of “Moderate Buy”.

FIBRA Prologis Stock Down 1.7%

The firm has a 50 day simple moving average of $4.70 and a 200 day simple moving average of $4.56.

FIBRA Prologis Company Profile

FIBRA Prologis (OTCMKTS: FBBPF) is a Mexican real estate investment trust specializing in the ownership, development and operation of industrial and logistics properties. Established in 2011 as the first Mexican Fibra backed by an international sponsor, the company focuses on acquiring and managing warehouse and distribution centers that serve manufacturing, retail and third-party logistics clients across Mexico’s key industrial corridors.

The trust’s core activities include leasing modern logistics facilities, executing build-to-suit developments and providing property management services tailored to the needs of multinational and domestic occupiers.