Presidio Property Trust (NASDAQ:SQFT) Trading Up 7.2% – Time to Buy?

Shares of Presidio Property Trust, Inc. (NASDAQ:SQFT) traded up 7.2% during mid-day trading on Friday . The company traded as high as $2.96 and last traded at $2.96. 7,474 shares traded hands during trading, a decline of 63% from the average session volume of 20,379 shares. The stock had previously closed at $2.76.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Presidio Property Trust in a research report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Presidio Property Trust Stock Up 7.2%

The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.19. The company has a market capitalization of $4.26 million, a PE ratio of -0.38 and a beta of 1.53. The business’s 50-day simple moving average is $3.15 and its 200-day simple moving average is $4.53.

Insider Buying and Selling

In related news, CEO Jack Kendrick Heilbron bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 26th. The shares were purchased at an average cost of $2.82 per share, with a total value of $28,200.00. Following the completion of the acquisition, the chief executive officer directly owned 25,061 shares in the company, valued at approximately $70,672.02. The trade was a 66.40% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 24.00% of the stock is currently owned by company insiders.

Presidio Property Trust Company Profile

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.