Zacks Research Upgrades FIBRA Prologis (OTCMKTS:FBBPF) to “Hold”

FIBRA Prologis (OTCMKTS:FBBPF) was upgraded by Zacks Research to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Itau BBA Securities cut shares of FIBRA Prologis from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 20th. Barclays restated an “overweight” rating on shares of FIBRA Prologis in a report on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

FIBRA Prologis Price Performance

FBBPF stock opened at $4.63 on Wednesday. The firm has a fifty day moving average price of $4.54 and a 200 day moving average price of $4.46. FIBRA Prologis has a fifty-two week low of $3.34 and a fifty-two week high of $5.18.

FIBRA Prologis Company Profile

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.