Presidio Property Trust (NASDAQ:SQFT) CEO Jack Kendrick Heilbron Purchases 10,000 Shares of Stock

Presidio Property Trust, Inc. (NASDAQ:SQFT) CEO Jack Kendrick Heilbron purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was acquired at an average cost of $3.29 per share, with a total value of $32,900.00. Following the transaction, the chief executive officer directly owned 15,061 shares of the company’s stock, valued at approximately $49,550.69. This represents a 197.59% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Jack Kendrick Heilbron also recently made the following trade(s):

• On Wednesday, December 24th, Jack Kendrick Heilbron acquired 1,000 shares of Presidio Property Trust stock. The shares were bought at an average cost of $14.78 per share, for a total transaction of $14,780.00.
• On Friday, December 26th, Jack Kendrick Heilbron acquired 10,000 shares of Presidio Property Trust stock. The stock was bought at an average price of $2.82 per share, for a total transaction of $28,200.00.

Presidio Property Trust Trading Down 11.2%

Shares of SQFT opened at $3.26 on Wednesday. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.19. The stock has a market cap of $4.69 million, a PE ratio of -0.41 and a beta of 1.63. Presidio Property Trust, Inc. has a 1 year low of $2.60 and a 1 year high of $23.00. The stock has a 50 day simple moving average of $4.52 and a 200-day simple moving average of $5.30.

Presidio Property Trust (NASDAQ:SQFT) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($1.53) earnings per share for the quarter. Presidio Property Trust had a negative net margin of 38.70% and a negative return on equity of 20.53%. The company had revenue of $4.20 million during the quarter.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Presidio Property Trust to a “strong sell” rating in a report on Saturday, October 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Presidio Property Trust in a research report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, Presidio Property Trust 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 raised its position in Presidio Property Trust, Inc. (NASDAQ:SQFT) by 10.0% during the second quarter, according to its most recent 13F filing with the SEC. 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 about 2.74% of Presidio Property Trust worth $172,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 38.92% of the company’s stock.

About Presidio Property Trust

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.