FIBRA Prologis (OTCMKTS:FBBPF) Rating Increased to Hold at Zacks Research

FIBRA Prologis (OTCMKTS:FBBPF) was upgraded by stock analysts at Zacks Research to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

A number of other brokerages have also issued reports on FBBPF. Barclays reiterated an “overweight” rating on shares of FIBRA Prologis in a research report on Monday, May 4th. Itau BBA Securities downgraded FIBRA Prologis from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 20th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, FIBRA Prologis has a consensus rating of “Moderate Buy”.

FIBRA Prologis Price Performance

FIBRA Prologis stock opened at $4.63 on Wednesday. The firm has a 50-day moving average price of $4.54 and a two-hundred day moving average price of $4.46. FIBRA Prologis has a 52-week low of $3.34 and a 52-week high of $5.18.

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.