Presidio Property Trust (NASDAQ:SQFT – Get Free Report) issued its earnings results on Friday. The company reported ($0.84) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.60) by $0.76, FiscalAI reports. The firm had revenue of $2.98 million for the quarter, compared to analysts’ expectations of $5.54 million. Presidio Property Trust had a negative return on equity of 34.35% and a negative net margin of 54.31%.
Presidio Property Trust Stock Down 6.5%
NASDAQ:SQFT traded down $0.06 on Friday, reaching $0.80. The stock had a trading volume of 8,002 shares, compared to its average volume of 355,630. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 3.74. The company has a 50-day moving average of $1.04 and a 200 day moving average of $2.20. The stock has a market cap of $1.14 million, a P/E ratio of -0.09 and a beta of 1.92. Presidio Property Trust has a 12-month low of $0.72 and a 12-month high of $4.84.
Analyst Ratings Changes
Separately, Weiss Ratings lowered shares of Presidio Property Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Presidio Property Trust has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on Presidio Property Trust
About Presidio Property Trust
Presidio Property Trust, Inc. is a real estate investment trust that acquires, owns, and manages a diversified portfolio of commercial and residential properties in the United States. Its real estate activities are focused primarily on income-producing properties, with holdings that have included office, industrial, retail, and multifamily residential assets. The company seeks to generate revenue through property rentals and related real estate operations. Its commercial properties serve business tenants across multiple industries, while its residential portfolio consists of multifamily communities that provide housing to individual and family residents.
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