Presidio Property Trust, Inc. (NASDAQ:SQFTP – Get Free Report)’s share price was down 6% during mid-day trading on Monday . The company traded as low as $6.10 and last traded at $6.30. 18,484 shares changed hands during trading, an increase of 130% from the average session volume of 8,035 shares. The stock had previously closed at $6.70.
Presidio Property Trust Price Performance
The company’s 50 day simple moving average is $6.47 and its 200 day simple moving average is $6.31.
Presidio Property Trust Company Profile
Presidio is an internally managed, diversified REIT with holdings in model home properties which are triple-net leased to homebuilders, office, industrial, and retail properties. Presidio's model homes are leased to homebuilders located in Arizona, Illinois, Texas, Wisconsin, and Florida. Our office, industrial and retail properties are located primarily in Colorado, with properties also located in Maryland, North Dakota, Texas, and Southern California. While geographical clustering of real estate enables us to reduce our operating costs through economies of scale by servicing several properties with less staff, it makes us susceptible to changing market conditions in these discrete geographic areas, including those that have developed as a result of COVID-19.
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