Shares of Presidio Property Trust, Inc. (NASDAQ:SQFT – Get 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
Presidio Property Trust (NASDAQ:SQFT – Get 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:SQFT – Free 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
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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