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

Presidio Property Trust, Inc. (NASDAQ:SQFT) CEO Jack Kendrick Heilbron bought 10,000 shares of Presidio Property Trust stock in a transaction that occurred on Tuesday, December 16th. The stock was bought at an average price of $3.29 per share, with a total value of $32,900.00. Following the completion of the acquisition, the chief executive officer owned 15,061 shares in the company, valued at approximately $49,550.69. The trade was a 197.59% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, December 24th, Jack Kendrick Heilbron bought 1,000 shares of Presidio Property Trust stock. The stock was purchased 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 purchased at an average cost of $2.82 per share, for a total transaction of $28,200.00.

Presidio Property Trust Stock Performance

Shares of NASDAQ:SQFT traded down $0.29 on Tuesday, reaching $3.38. 69,043 shares of the company’s stock were exchanged, compared to its average volume of 340,819. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.19. Presidio Property Trust, Inc. has a twelve month low of $2.60 and a twelve month high of $23.00. The company has a fifty day moving average of $4.58 and a 200-day moving average of $5.31. The company has a market capitalization of $4.87 million, a price-to-earnings ratio of -0.44 and a beta of 1.63.

Presidio Property Trust (NASDAQ:SQFT) last released its 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 for the quarter.

Analysts Set New Price Targets

A number of analysts have commented on SQFT shares. Wall Street Zen lowered shares of Presidio Property Trust to a “strong sell” rating in a research note on Saturday, October 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Presidio Property Trust in a research report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On Presidio Property Trust

An institutional investor recently raised its position in Presidio Property Trust stock. IFP Advisors Inc increased its holdings in Presidio Property Trust, Inc. (NASDAQ:SQFT) by 10.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 Securities & Exchange Commission. Institutional investors and hedge funds 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.