Presidio Property Trust (NASDAQ:SQFT) Releases Quarterly Earnings Results

Presidio Property Trust (NASDAQ:SQFT) released its earnings results on Wednesday. The company reported ($1.53) earnings per share for the quarter, FiscalAI reports. Presidio Property Trust had a negative net margin of 63.99% and a negative return on equity of 21.64%. The business had revenue of $4.20 million during the quarter.

Presidio Property Trust Stock Up 2.4%

Presidio Property Trust stock traded up $0.12 during trading on Wednesday, hitting $5.09. 9,879 shares of the company were exchanged, compared to its average volume of 347,572. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 3.22. The company has a market capitalization of $7.32 million, a P/E ratio of -0.44 and a beta of 1.34. The business’s 50 day moving average is $5.79 and its 200 day moving average is $5.76. Presidio Property Trust has a 52 week low of $4.19 and a 52 week high of $23.00.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SQFT shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Presidio Property Trust in a research report on Tuesday. Wall Street Zen cut Presidio Property Trust to a “strong sell” rating in a report on Saturday, October 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Presidio Property Trust presently has an average rating of “Sell”.

Hedge Funds Weigh In On Presidio Property Trust

An institutional investor recently raised its position in Presidio Property Trust stock. IFP Advisors Inc grew its position in shares of Presidio Property Trust, Inc. (NASDAQ:SQFT) by 10.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 32,843 shares of the company’s stock after acquiring an additional 2,980 shares during the period. IFP Advisors Inc owned about 2.74% of Presidio Property Trust worth $172,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 38.92% of the company’s stock.

About Presidio Property Trust

Presidio Property Trust, Inc (we, our, us or the Company) is an internally-managed real estate investment trust (REIT), with holdings in office, industrial, retail and model home properties. We were incorporated in the State of California on September 28, 1999, and in August 2010, we reincorporated as a Maryland corporation.