FIBRA Prologis (OTCMKTS:FBBPF) Trading 8.8% Higher – What’s Next?

FIBRA Prologis (OTCMKTS:FBBPF) shares were up 8.8% during mid-day trading on Tuesday . The company traded as high as $4.4640 and last traded at $4.4640. Approximately 1,940 shares traded hands during trading, a decline of 81% from the average daily volume of 10,283 shares. The stock had previously closed at $4.1020.

Analyst Upgrades and Downgrades

FBBPF has been the subject of a number of recent analyst reports. Santander raised shares of FIBRA Prologis to an “outperform” rating in a report on Monday, December 15th. Barclays reissued an “overweight” rating on shares of FIBRA Prologis in a research report on Thursday, November 20th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

FIBRA Prologis Stock Up 8.8%

The stock has a 50-day simple moving average of $4.13 and a 200 day simple moving average of $3.93.

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.