Presidio Property Trust (NASDAQ:SQFT) Stock Price Down 5% – Here’s What Happened

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

Analysts Set New Price Targets

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

Presidio Property Trust Stock Performance

The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 3.25. The business’s 50 day moving average is $2.77 and its two-hundred day moving average is $2.92. The company has a market cap of $3.27 million, a PE ratio of -0.22 and a beta of 1.81.

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

Institutional Trading of Presidio Property Trust

A hedge fund 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) during the 4th quarter, according to the company in its most recent Form 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 quarter. Institutional investors own 38.92% of the company’s stock.

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.