Presidio Property Trust (NASDAQ:SQFT) Trading Down 5% – Here’s Why

Presidio Property Trust, Inc. (NASDAQ:SQFT) was down 5% during trading on Friday . The stock traded as low as $2.23 and last traded at $2.27. Approximately 5,666 shares were traded during mid-day trading, a decline of 11% from the average session volume of 6,380 shares. The stock had previously closed at $2.39.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Presidio Property Trust from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Presidio Property Trust Trading Down 5.0%

The firm has a market capitalization of $3.27 million, a price-to-earnings ratio of -0.22 and a beta of 1.81. The business’s 50-day moving average price is $2.77 and its 200 day moving average price is $2.92. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.17 and a quick ratio of 1.17.

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

Institutional Inflows and Outflows

A hedge fund 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 fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors 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.