Presidio Property Trust (NASDAQ:SQFT) Issues Quarterly Earnings Results

Presidio Property Trust (NASDAQ:SQFT) announced its earnings results on Wednesday. The company reported ($1.53) earnings per share (EPS) for the quarter, FiscalAI reports. Presidio Property Trust had a negative net margin of 63.99% and a negative return on equity of 21.64%. The business had revenue of $4.20 million during the quarter.

Presidio Property Trust Trading Up 0.8%

NASDAQ SQFT traded up $0.04 during trading hours on Friday, hitting $4.70. 16,306 shares of the company’s stock were exchanged, compared to its average volume of 344,526. The firm has a market cap of $6.76 million, a price-to-earnings ratio of -0.40 and a beta of 1.34. The stock has a 50-day simple moving average of $5.79 and a 200 day simple moving average of $5.75. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 3.22. Presidio Property Trust has a 1-year low of $4.19 and a 1-year high of $23.00.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SQFT. Wall Street Zen downgraded shares of Presidio Property Trust to a “strong sell” rating in a research report on Saturday, October 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of Presidio Property Trust in a report on Tuesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Presidio Property Trust stock. IFP Advisors Inc boosted its holdings in shares of Presidio Property Trust, Inc. (NASDAQ:SQFT) by 10.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,843 shares of the company’s stock after buying an additional 2,980 shares during the period. IFP Advisors Inc owned approximately 2.74% of Presidio Property Trust worth $172,000 as of its most recent SEC filing. Institutional investors own 38.92% of the company’s stock.

About Presidio Property Trust

Presidio Property Trust, Inc (we, our, us or the Company) is an internally-managed real estate investment trust (REIT), with holdings in office, industrial, retail and model home properties. We were incorporated in the State of California on September 28, 1999, and in August 2010, we reincorporated as a Maryland corporation.