Presidio Property Trust (NASDAQ:SQFT) Shares Down 1% – Here’s Why

Shares of Presidio Property Trust, Inc. (NASDAQ:SQFT) were down 1% during mid-day trading on Monday. The stock traded as low as $0.8351 and last traded at $0.8586. 6,004 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 614,368 shares. The stock had previously closed at $0.8674.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Presidio Property Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Presidio Property Trust Stock Down 1.0%

The company’s 50-day simple moving average is $1.42 and its 200 day simple moving average is $2.29. The company has a debt-to-equity ratio of 3.74, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $1.23 million, a P/E ratio of -0.10 and a beta of 1.86.

Presidio Property Trust (NASDAQ:SQFT) last announced its earnings results on Thursday, August 13th. The company reported ($3.33) EPS for the quarter. Presidio Property Trust had a negative return on equity of 34.35% and a negative net margin of 54.31%. The company had revenue of $3.82 million during the quarter.

Institutional Investors Weigh In On Presidio Property Trust

An institutional investor recently bought a new stake in Presidio Property Trust stock. Ketron Financial purchased a new position in shares of Presidio Property Trust, Inc. (NASDAQ:SQFT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,725 shares of the company’s stock, valued at approximately $36,000. Ketron Financial owned approximately 0.74% of Presidio Property Trust at the end of the most recent quarter. 38.92% of the stock is currently owned by institutional investors.

About Presidio Property Trust

Presidio Property Trust, Inc is a self-managed real estate investment trust (REIT) that acquires, owns, operates and manages a diversified portfolio of commercial and residential real estate. Its commercial properties include suburban office buildings, flex and industrial facilities, and retail properties, while its residential portfolio consists primarily of multifamily communities.

The company’s properties are generally located in U.S. markets and are leased to businesses and residential tenants.