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

Presidio Property Trust (NASDAQ:SQFT) announced its quarterly earnings results on Thursday. The company reported ($3.33) earnings per share for the quarter, FiscalAI reports. The business had revenue of $3.82 million during the quarter. Presidio Property Trust had a negative return on equity of 32.74% and a negative net margin of 54.31%.

Presidio Property Trust Trading Up 1.4%

Shares of NASDAQ:SQFT traded up $0.02 on Friday, hitting $1.48. 7,071 shares of the company’s stock were exchanged, compared to its average volume of 6,949. Presidio Property Trust has a 12 month low of $1.32 and a 12 month high of $10.47. The business’s 50 day simple moving average is $2.33 and its two-hundred day simple moving average is $2.69. The stock has a market capitalization of $2.13 million, a price-to-earnings ratio of -0.17 and a beta of 1.81. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.17 and a quick ratio of 1.17.

Institutional Trading of Presidio Property Trust

A hedge fund recently bought a new stake in Presidio Property Trust stock. Ketron Financial purchased a new stake in Presidio Property Trust, Inc. (NASDAQ:SQFT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,725 shares of the company’s stock, valued at approximately $36,000. Ketron Financial owned approximately 0.74% of Presidio Property Trust as of its most recent filing with the SEC. 38.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Presidio Property Trust from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently 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.