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

FIBRA Prologis (OTCMKTS:FBBPF) shares gapped down prior to trading on Monday . The stock had previously closed at $4.83, but opened at $4.50. FIBRA Prologis shares last traded at $4.82, with a volume of 616 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barclays reissued an “overweight” rating on shares of FIBRA Prologis in a research note on Monday, May 4th. Zacks Research upgraded FIBRA Prologis to a “hold” rating in a report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

FIBRA Prologis Trading Down 2.4%

The company’s 50-day simple moving average is $4.63 and its 200-day simple moving average is $4.51.

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.