Insider Buying: Presidio Property Trust (NASDAQ:SQFT) CEO Buys 10,000 Shares of Stock

Presidio Property Trust, Inc. (NASDAQ:SQFT) CEO Jack Kendrick Heilbron purchased 10,000 shares of the stock in a transaction on Tuesday, December 16th. The shares were purchased at an average cost of $3.29 per share, with a total value of $32,900.00. Following the transaction, the chief executive officer owned 15,061 shares in the company, valued at $49,550.69. This trade represents a 197.59% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jack Kendrick Heilbron also recently made the following trade(s):

• On Wednesday, December 24th, Jack Kendrick Heilbron purchased 1,000 shares of Presidio Property Trust stock. The stock was bought at an average price of $14.78 per share, with a total value of $14,780.00.
• On Friday, December 26th, Jack Kendrick Heilbron acquired 10,000 shares of Presidio Property Trust stock. The shares were bought at an average cost of $2.82 per share, for a total transaction of $28,200.00.

Presidio Property Trust Trading Down 7.8%

NASDAQ:SQFT traded down $0.29 on Tuesday, reaching $3.38. The company’s stock had a trading volume of 69,043 shares, compared to its average volume of 340,819. Presidio Property Trust, Inc. has a 12-month low of $2.60 and a 12-month high of $23.00. The stock has a 50 day moving average price of $4.58 and a 200 day moving average price of $5.31. The firm has a market cap of $4.87 million, a price-to-earnings ratio of -0.44 and a beta of 1.63. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.19.

Presidio Property Trust (NASDAQ:SQFT) last announced its quarterly earnings data on Wednesday, November 12th. The company reported ($1.53) earnings per share for the quarter. Presidio Property Trust had a negative net margin of 38.70% and a negative return on equity of 20.53%. The business had revenue of $4.20 million during the quarter.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SQFT shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Presidio Property Trust in a research report on Monday, December 22nd. Wall Street Zen downgraded Presidio Property Trust to a “strong sell” rating in a research report on Saturday, October 11th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Presidio Property Trust presently has an average rating of “Sell”.

Institutional Investors Weigh In On Presidio Property Trust

A hedge fund recently raised its stake in Presidio Property Trust stock. IFP Advisors Inc raised its holdings in Presidio Property Trust, Inc. (NASDAQ:SQFT) by 10.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,843 shares of the company’s stock after purchasing an additional 2,980 shares during the period. IFP Advisors Inc owned about 2.74% of Presidio Property Trust worth $172,000 as of its most recent SEC filing. 38.92% of the stock is owned by institutional investors and hedge funds.

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.