Presidio Property Trust (NASDAQ:SQFT) Trading Down 4.1% – Here’s Why

Presidio Property Trust, Inc. (NASDAQ:SQFT) shares were down 4.1% during mid-day trading on Thursday . The stock traded as low as $2.33 and last traded at $2.33. Approximately 13,395 shares were traded during trading, a decline of 35% from the average daily volume of 20,586 shares. The stock had previously closed at $2.43.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Presidio Property Trust from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Presidio Property Trust currently has a consensus rating of “Sell”.

Presidio Property Trust Stock Down 3.0%

The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 3.25. The stock has a market cap of $3.25 million, a price-to-earnings ratio of -0.22 and a beta of 1.81. The business’s fifty day moving average is $3.03 and its two-hundred day moving average is $3.19.

Presidio Property Trust (NASDAQ:SQFT) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.10) EPS for the quarter. Presidio Property Trust had a negative return on equity of 37.24% and a negative net margin of 61.36%.The firm had revenue of $3.77 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Presidio Property Trust stock. Ketron Financial purchased a new stake in Presidio Property Trust, Inc. (NASDAQ:SQFT) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,725 shares of the company’s stock, valued at approximately $36,000. Ketron Financial owned about 0.74% of Presidio Property Trust at the end of the most recent reporting period. Institutional investors and hedge funds own 38.92% of the company’s stock.

About Presidio Property Trust

Presidio Property Trust, Inc is a real estate investment trust (REIT) that specializes in acquiring, owning and managing single-tenant commercial properties across the United States. The company employs a net-lease strategy, entering into long-term leases with corporate tenants to generate stable rental income and minimize landlord responsibilities related to property operations.

The trust’s portfolio includes a diverse mix of industrial, office and research and development facilities.