Jack Kendrick Heilbron Buys 10,000 Shares of Presidio Property Trust (NASDAQ:SQFT) Stock

Presidio Property Trust, Inc. (NASDAQ:SQFT) CEO Jack Kendrick Heilbron acquired 10,000 shares of the company’s stock in a transaction on Friday, December 26th. The shares were bought at an average price of $2.82 per share, for a total transaction of $28,200.00. Following the completion of the purchase, the chief executive officer owned 25,061 shares in the company, valued at approximately $70,672.02. This represents a 66.40% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, December 16th, Jack Kendrick Heilbron bought 10,000 shares of Presidio Property Trust stock. The stock was purchased at an average price of $3.29 per share, with a total value of $32,900.00.
• On Wednesday, December 24th, Jack Kendrick Heilbron purchased 1,000 shares of Presidio Property Trust stock. The shares were purchased at an average cost of $14.78 per share, for a total transaction of $14,780.00.

Presidio Property Trust Stock Down 7.8%

SQFT stock traded down $0.29 during trading on Tuesday, reaching $3.38. The stock had a trading volume of 69,043 shares, compared to its average volume of 340,819. Presidio Property Trust, Inc. has a one year low of $2.60 and a one year high of $23.00. The company’s 50 day moving average is $4.58 and its two-hundred day moving average is $5.31. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.19. The company has a market capitalization of $4.87 million, a price-to-earnings ratio of -0.43 and a beta of 1.63.

Presidio Property Trust (NASDAQ:SQFT) last posted 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 return on equity of 20.53% and a negative net margin of 38.70%.The business had revenue of $4.20 million during the quarter.

Hedge Funds Weigh In On Presidio Property Trust

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SQFT shares. Wall Street Zen downgraded shares of Presidio Property Trust to a “strong sell” rating in a research report on Saturday, October 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Presidio Property Trust in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to data from 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.