Presidio Property Trust (NASDAQ:SQFT) Shares Down 5% – Should You Sell?

Presidio Property Trust, Inc. (NASDAQ:SQFT)’s stock price dropped 5% on Friday . The company traded as low as $2.23 and last traded at $2.27. Approximately 5,666 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 6,380 shares. The stock had previously closed at $2.39.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Presidio Property Trust from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Presidio Property Trust Stock Performance

The business has a 50-day moving average of $2.77 and a 200 day moving average of $2.92. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $3.27 million, a PE ratio of -0.22 and a beta of 1.81.

Presidio Property Trust (NASDAQ:SQFT) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.10) earnings per share (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 for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Presidio Property Trust stock. Ketron Financial acquired a new position in Presidio Property Trust, Inc. (NASDAQ:SQFT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 reporting period. Institutional investors 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.