Presidio Property Trust (NASDAQ:SQFT) Posts Earnings Results

Presidio Property Trust (NASDAQ:SQFT) announced its quarterly earnings results on Thursday. The company reported ($3.33) earnings per share for the quarter, FiscalAI reports. Presidio Property Trust had a negative return on equity of 37.24% and a negative net margin of 61.36%.The firm had revenue of $3.82 million for the quarter.

Presidio Property Trust Stock Up 3.9%

NASDAQ SQFT traded up $0.06 during trading hours on Thursday, reaching $1.46. 7,525 shares of the company’s stock were exchanged, compared to its average volume of 349,686. 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 company has a market capitalization of $2.10 million, a price-to-earnings ratio of -0.14 and a beta of 1.81. The company’s 50-day moving average is $2.36 and its two-hundred day moving average is $2.71. Presidio Property Trust has a one year low of $1.32 and a one year high of $10.47.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Presidio Property Trust from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On Presidio Property Trust

An institutional investor recently bought a new position in Presidio Property Trust stock. Ketron Financial acquired a new position in shares of Presidio Property Trust, Inc. (NASDAQ:SQFT) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,725 shares of the company’s stock, valued at approximately $36,000. Ketron Financial owned 0.74% of Presidio Property Trust as of its most recent SEC filing. Hedge funds and other 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.