FIBRA Macquarie México (OTCMKTS:DBMBF) Trading Up 3.8% – Here’s Why

FIBRA Macquarie México (OTCMKTS:DBMBF)’s share price traded up 3.8% on Friday . The company traded as high as $2.48 and last traded at $2.48. Approximately 1,500 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 31,455 shares. The stock had previously closed at $2.3890.

Analyst Ratings Changes

Separately, Macquarie Infrastructure cut shares of FIBRA Macquarie México from an “overweight” rating to a “neutral” rating in a research report on Sunday, April 26th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

FIBRA Macquarie México Price Performance

The company’s 50 day moving average is $2.48 and its 200 day moving average is $2.26.

About FIBRA Macquarie México

FIBRA Macquarie México is a Mexican real estate investment trust (FIBRA) that acquires, develops and manages income-producing properties across Mexico. Structured under Mexico’s FIBRA regime, the trust focuses on generating stable, long-term rental income through a diversified portfolio of industrial, office and retail assets. Its core business activities include property sourcing, asset management, tenant relations and lease administration, all overseen by Macquarie Asset Management.

The trust’s portfolio spans key economic regions in Mexico, including the Mexico City metropolitan area, the Bajío region, Guadalajara and Monterrey.