Shares of Presidio Property Trust, Inc. (NASDAQ:SQFTP – Get Free Report) traded down 2% during trading on Thursday . The company traded as low as $6.00 and last traded at $6.23. 3,310 shares were traded during mid-day trading, a decline of 81% from the average session volume of 17,323 shares. The stock had previously closed at $6.36.
Presidio Property Trust Trading Down 2.0%
The company has a fifty day moving average price of $8.76 and a two-hundred day moving average price of $13.05.
About Presidio Property Trust
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.
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