Presidio Property Trust (NASDAQ:SQFT) Shares Down 4.1% – Time to Sell?

Shares of Presidio Property Trust, Inc. (NASDAQ:SQFT) traded down 4.1% on Thursday . The company traded as low as $2.33 and last traded at $2.33. 13,395 shares were traded during mid-day trading, a decline of 35% from the average session volume of 20,586 shares. The stock had previously closed at $2.43.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Presidio Property Trust from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Presidio Property Trust Stock Performance

The stock has a market cap of $3.36 million, a PE ratio of -0.22 and a beta of 1.81. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 3.25. The firm has a 50 day moving average price of $3.04 and a 200 day moving average price of $3.20.

Presidio Property Trust (NASDAQ:SQFT) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.10) EPS for the quarter. The firm had revenue of $3.77 million for the quarter. Presidio Property Trust had a negative net margin of 61.36% and a negative return on equity of 37.24%.

Institutional Investors Weigh In On Presidio Property Trust

A hedge fund recently bought a new stake in Presidio Property Trust stock. Ketron Financial acquired a new stake in shares of Presidio Property Trust, Inc. (NASDAQ:SQFT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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. 38.92% of the stock is owned by hedge funds and other institutional investors.

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.