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

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

Wall Street Analyst Weigh In

Several brokerages recently commented on FBBPF. Itau BBA Securities cut FIBRA Prologis from an “outperform” rating to a “market perform” rating in a report on Tuesday. Barclays restated an “overweight” rating on shares of FIBRA Prologis in a research report on Thursday, November 20th. Finally, Santander upgraded shares of FIBRA Prologis to an “outperform” rating in a research report on Monday, December 15th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

FIBRA Prologis Stock Performance

The firm has a 50 day moving average of $4.25 and a 200 day moving average of $4.00.

About FIBRA Prologis

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.