FIBRA Macquarie México (OTCMKTS:DBMBF) Trading 10.3% Higher – Time to Buy?

FIBRA Macquarie México (OTCMKTS:DBMBFGet Free Report)’s share price rose 10.3% during mid-day trading on Thursday . The company traded as high as $1.92 and last traded at $1.92. Approximately 4,440 shares changed hands during trading, an increase of 76% from the average daily volume of 2,520 shares. The stock had previously closed at $1.74.

Analysts Set New Price Targets

Separately, Scotiabank raised FIBRA Macquarie México to an “outperform” rating in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.

Check Out Our Latest Stock Analysis on DBMBF

FIBRA Macquarie México Stock Up 10.3%

The company has a fifty day moving average price of $1.75 and a two-hundred day moving average price of $1.71.

About FIBRA Macquarie México

(Get Free Report)

FIBRA Macquarie México is a Mexican real estate investment trust (FIBRA) that acquires, develops and manages income-producing properties across Mexico. Structured under Mexico’s FIBRA regime, the trust focuses on generating stable, long-term rental income through a diversified portfolio of industrial, office and retail assets. Its core business activities include property sourcing, asset management, tenant relations and lease administration, all overseen by Macquarie Asset Management.

The trust’s portfolio spans key economic regions in Mexico, including the Mexico City metropolitan area, the Bajío region, Guadalajara and Monterrey.

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