Presidio Property Trust (NASDAQ:SQFT) Shares Down 1% – Should You Sell?

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

Analyst Ratings Changes

Separately, Weiss Ratings downgraded 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 MarketBeat.com, Presidio Property Trust currently has an average rating of “Sell”.

Presidio Property Trust Price Performance

The stock has a market capitalization of $1.23 million, a PE ratio of -0.10 and a beta of 1.86. 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’s fifty day moving average is $1.42 and its 200-day moving average is $2.29.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Presidio Property Trust stock. Ketron Financial purchased a new stake in Presidio Property Trust, Inc. (NASDAQ:SQFT) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 10,725 shares of the company’s stock, valued at approximately $36,000. Ketron Financial owned approximately 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.