Presidio Property Trust (NASDAQ:SQFT) Trading Down 1.6%

Presidio Property Trust, Inc. (NASDAQ:SQFTGet Rating) shares dropped 1.6% on Friday . The stock traded as low as $1.14 and last traded at $1.15. Approximately 17,123 shares changed hands during trading, a decline of 67% from the average daily volume of 51,511 shares. The stock had previously closed at $1.17.

Presidio Property Trust Stock Down 1.6 %

The firm has a market cap of $14.07 million, a price-to-earnings ratio of -1.83 and a beta of 1.11. The company has a current ratio of 14.18, a quick ratio of 14.18 and a debt-to-equity ratio of 1.74. The firm has a 50 day moving average price of $1.30 and a 200-day moving average price of $2.52.

Presidio Property Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 6.96%. The ex-dividend date was Thursday, September 15th. Presidio Property Trust’s payout ratio is -12.70%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new stake in Presidio Property Trust in the first quarter valued at $37,000. Virtu Financial LLC bought a new stake in Presidio Property Trust in the first quarter worth $82,000. State Street Corp boosted its position in Presidio Property Trust by 14.0% during the second quarter. State Street Corp now owns 26,569 shares of the company’s stock worth $85,000 after purchasing an additional 3,270 shares during the period. BlackRock Inc. grew its holdings in Presidio Property Trust by 27.3% in the 1st quarter. BlackRock Inc. now owns 31,070 shares of the company’s stock valued at $115,000 after buying an additional 6,665 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its stake in Presidio Property Trust by 9.4% during the first quarter. Kestra Advisory Services LLC now owns 42,057 shares of the company’s stock valued at $156,000 after acquiring an additional 3,624 shares during the period. Hedge funds and other institutional investors own 10.05% of the company’s stock.

Presidio Property Trust Company Profile

(Get Rating)

The Company is an internally managed, diversified REIT (formerly named NetREIT). The Company acquires, owns and manages a geographically diversified portfolio of real estate assets including office, industrial, retail and model home residential properties leased to homebuilders located throughout the United States.

Further Reading

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