Presidio Property Trust (NASDAQ:SQFT) Shares Up 4.1% – What’s Next?

Presidio Property Trust, Inc. (NASDAQ:SQFT)’s share price shot up 4.1% during mid-day trading on Friday . The stock traded as high as $2.25 and last traded at $2.2590. Approximately 11,245 shares changed hands during trading, an increase of 204% from the average daily volume of 3,699 shares. The stock had previously closed at $2.17.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Presidio Property Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Presidio Property Trust Trading Up 4.1%

The firm has a market capitalization of $3.25 million, a PE ratio of -0.22 and a beta of 1.81. The firm’s fifty day moving average is $2.50 and its two-hundred day moving average is $2.79. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.17 and a quick ratio of 1.17.

Presidio Property Trust (NASDAQ:SQFT) last posted its quarterly earnings data on Friday, May 15th. The company reported ($0.10) EPS for the quarter. Presidio Property Trust had a negative net margin of 61.36% and a negative return on equity of 37.24%. The firm had revenue of $3.77 million during the quarter.

Institutional Trading of Presidio Property Trust

An institutional investor recently bought a new position in Presidio Property Trust stock. Ketron Financial purchased a new position in shares of Presidio Property Trust, Inc. (NASDAQ:SQFT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 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. 38.92% of the stock is currently owned by hedge funds and other institutional investors.

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.