Presidio Property Trust (NASDAQ:SQFT) Shares Down 1% – Here’s What Happened

Presidio Property Trust, Inc. (NASDAQ:SQFT) shares traded down 1% on Monday. The stock traded as low as $0.8351 and last traded at $0.8586. 6,004 shares were traded during mid-day trading, a decline of 99% from the average session volume of 614,368 shares. The stock had previously closed at $0.8674.

Analysts Set New Price Targets

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. According to data from MarketBeat, Presidio Property Trust presently has a consensus rating of “Sell”.

Presidio Property Trust Stock Up 3.0%

The stock has a fifty day moving average price of $1.40 and a 200 day moving average price of $2.28. The company has a debt-to-equity ratio of 3.74, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $1.24 million, a P/E ratio of -0.10 and a beta of 1.86.

Presidio Property Trust (NASDAQ:SQFT) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($3.33) earnings per share (EPS) for the quarter. Presidio Property Trust had a negative return on equity of 34.35% and a negative net margin of 54.31%. The company had revenue of $3.82 million for the quarter.

Institutional Investors Weigh In On Presidio Property Trust

A hedge fund recently bought a new position in Presidio Property Trust stock. Ketron Financial acquired a new stake in Presidio Property Trust, Inc. (NASDAQ:SQFT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 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. Hedge funds and other institutional investors own 38.92% of the company’s stock.

About Presidio Property Trust

Presidio Property Trust, Inc is a self-managed real estate investment trust (REIT) that acquires, owns, operates and manages a diversified portfolio of commercial and residential real estate. Its commercial properties include suburban office buildings, flex and industrial facilities, and retail properties, while its residential portfolio consists primarily of multifamily communities.

The company’s properties are generally located in U.S. markets and are leased to businesses and residential tenants.