FIBRA Prologis (OTCMKTS:FBBPF) Stock Price Down 6% – What’s Next?

FIBRA Prologis (OTCMKTS:FBBPF)’s stock price dropped 6% during trading on Tuesday . The company traded as low as $4.5520 and last traded at $4.5520. Approximately 2,756 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 17,056 shares. The stock had previously closed at $4.8440.

Wall Street Analysts Forecast Growth

FBBPF has been the topic of several research reports. Santander upgraded shares of FIBRA Prologis to an “outperform” rating in a report on Monday, December 15th. Barclays reaffirmed an “overweight” rating on shares of FIBRA Prologis in a research report on Thursday, November 20th. Finally, Itau BBA Securities lowered FIBRA Prologis from an “outperform” rating to a “market perform” rating in a report on Tuesday. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

FIBRA Prologis Price Performance

The stock’s fifty day moving average is $4.25 and its two-hundred day moving average is $4.00.

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.