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

Shares of Presidio Property Trust, Inc. (NASDAQ:SQFTGet Free Report) shot up 4.1% on Friday . The company 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.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered 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 has an average rating of “Sell”.

Read Our Latest Stock Report on SQFT

Presidio Property Trust Stock Performance

The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.17 and a current ratio of 1.17. The firm’s 50-day moving average price is $2.50 and its two-hundred day moving average price is $2.79. The firm has a market capitalization of $3.25 million, a price-to-earnings ratio of -0.22 and a beta of 1.81.

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

Institutional Trading of Presidio Property Trust

A hedge fund recently bought a new position in Presidio Property Trust stock. Ketron Financial bought a new position in shares of Presidio Property Trust, Inc. (NASDAQ:SQFTFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 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 SEC filing. Institutional investors own 38.92% of the company’s stock.

Presidio Property Trust Company Profile

(Get Free Report)

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.

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