Mapletree Logistics Trust (OTCMKTS:MAPGF – Get Free Report)’s share price dropped 8.6% during trading on Wednesday . The company traded as low as $0.9250 and last traded at $0.96. 24,000 shares changed hands during mid-day trading, an increase of 273% from the average session volume of 6,431 shares. The stock had previously closed at $1.05.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group upgraded Mapletree Logistics Trust to a “buy” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.
Read Our Latest Research Report on Mapletree Logistics Trust
Mapletree Logistics Trust Stock Performance
Mapletree Logistics Trust Company Profile
Mapletree Logistics Trust (OTCMKTS:MAPGF) is a Singapore‐listed real estate investment trust specializing in high‐quality logistics and distribution assets. It is externally managed by Mapletree Logistics Trust Management Ltd, a wholly owned subsidiary of Mapletree Investments Pte Ltd, and invests primarily in freestanding warehouses, multi‐user logistics facilities and distribution centres leased to third‐party logistics providers, e‐commerce companies and multinational distributors.
Since its initial public listing in April 2017, the trust has assembled a portfolio of strategically located properties across key Asia‐Pacific markets, including Singapore, China, Japan, Australia, Hong Kong, South Korea, Malaysia and Vietnam.
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