Presidio Property Trust (NASDAQ:SQFT) Trading Up 7.2% – Should You Buy?

Presidio Property Trust, Inc. (NASDAQ:SQFT)’s share price shot up 7.2% during mid-day trading on Friday . The company traded as high as $2.96 and last traded at $2.96. 7,474 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 20,379 shares. The stock had previously closed at $2.76.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Presidio Property Trust in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Presidio Property Trust Stock Up 7.2%

The company has a debt-to-equity ratio of 3.19, a current ratio of 1.78 and a quick ratio of 1.78. The stock’s fifty day simple moving average is $3.15 and its 200-day simple moving average is $4.54. The stock has a market cap of $4.26 million, a P/E ratio of -0.38 and a beta of 1.53.

Insider Activity

In related news, CEO Jack Kendrick Heilbron acquired 10,000 shares of Presidio Property Trust stock in a transaction that occurred on Friday, December 26th. The stock was acquired at an average price of $2.82 per share, for a total transaction of $28,200.00. Following the transaction, the chief executive officer directly owned 25,061 shares of the company’s stock, valued at $70,672.02. This trade represents a 66.40% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 24.00% of the company’s stock.

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.