Presidio Property Trust, Inc. (NASDAQ:SQFTP – Get Free Report)’s share price dropped 7.4% during trading on Tuesday . The stock traded as low as $13.12 and last traded at $13.20. Approximately 18,040 shares changed hands during mid-day trading, an increase of 200% from the average daily volume of 6,014 shares. The stock had previously closed at $14.25.
Presidio Property Trust Price Performance
The firm’s fifty day moving average price is $15.06 and its 200-day moving average price is $15.06.
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.
Further Reading
- Five stocks we like better than Presidio Property Trust
- America’s Next Power Move Starts Underground
- Your Signature Is Missing – Act Before It’s Too Late
- URGENT: Trump Just Triggered AI’s Biggest Disruption Yet
- NEW LAW: Congress Approves Setup For Digital Dollar?
- The biggest scam in the history of gold markets is unwinding
Receive News & Ratings for Presidio Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Presidio Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.
