Presidio Property Trust, Inc. (NASDAQ:SQFT) Sees Significant Decrease in Short Interest

Presidio Property Trust, Inc. (NASDAQ:SQFT) was the target of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 50,696 shares, a decline of 17.7% from the February 12th total of 61,584 shares. Based on an average trading volume of 7,941 shares, the short-interest ratio is presently 6.4 days. Currently, 4.6% of the company’s shares are short sold. Currently, 4.6% of the company’s shares are short sold. Based on an average trading volume of 7,941 shares, the short-interest ratio is presently 6.4 days.

Insider Activity at Presidio Property Trust

In related news, CEO Jack Kendrick Heilbron purchased 10,000 shares of Presidio Property Trust stock in a transaction dated Tuesday, December 16th. The shares were acquired at an average price of $3.29 per share, for a total transaction of $32,900.00. Following the acquisition, the chief executive officer directly owned 15,061 shares in the company, valued at approximately $49,550.69. The trade was a 197.59% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 24.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Presidio Property Trust

An institutional investor recently bought a new position in Presidio Property Trust stock. Ketron Financial bought a new stake in shares of Presidio Property Trust, Inc. (NASDAQ:SQFT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,725 shares of the company’s stock, valued at approximately $36,000. Ketron Financial owned 0.74% of Presidio Property Trust at the end of the most recent reporting period. 38.92% of the stock is currently owned by institutional investors.

Presidio Property Trust Trading Down 8.8%

Shares of NASDAQ:SQFT traded down $0.25 during midday trading on Monday, reaching $2.55. 4,301 shares of the company’s stock were exchanged, compared to its average volume of 17,895. The firm’s 50 day simple moving average is $2.98 and its two-hundred day simple moving average is $4.29. The company has a debt-to-equity ratio of 3.19, a current ratio of 1.78 and a quick ratio of 1.78. The stock has a market cap of $3.66 million, a price-to-earnings ratio of -0.32 and a beta of 1.48. Presidio Property Trust has a fifty-two week low of $2.17 and a fifty-two week high of $23.00.

Wall Street Analysts Forecast Growth

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

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.