FIBRA Prologis (OTCMKTS:FBBPF) Shares Gap Down – Here’s What Happened

FIBRA Prologis (OTCMKTS:FBBPF)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $4.7560, but opened at $4.50. FIBRA Prologis shares last traded at $4.46, with a volume of 965 shares trading hands.

Analyst Upgrades and Downgrades

FBBPF has been the topic of several recent analyst reports. Barclays restated an “overweight” rating on shares of FIBRA Prologis in a research note on Monday, May 4th. Itau BBA Securities cut FIBRA Prologis from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 20th. Finally, Zacks Research upgraded FIBRA Prologis to a “hold” rating in a research note on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

FIBRA Prologis Stock Performance

The firm has a 50-day moving average price of $4.55 and a 200-day moving average price of $4.47.

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.