AMB Property (AMB) Shares Fall 4%

Shares of AMB Property Corporation (NYSE: AMB) closed Monday trading down 4.07% at $24.53 per share.

Volume of nearly 2.7 million shares was about 1.2 times higher than the daily average volume of nearly 2.2 million shares.

Shares of AMB Property Corporation had a trading range of $24.33 to $25.08 per share.

Goldman Sachs Group analysts Richard Ramsden, Brian Foran, Daniel Harris and Jessica Binder Graham downgraded shares of AMB Property Corporation to Conviction Sell and lowered the price target to $21 per share, down from the previous price target of $24.

The analysts said that they expect AMB Property Corporation to underperform its peers for the next quarter or two.