Presidio Property Trust (NASDAQ:SQFT) CEO Jack Kendrick Heilbron Acquires 10,000 Shares of Stock

Presidio Property Trust, Inc. (NASDAQ:SQFT) CEO Jack Kendrick Heilbron bought 10,000 shares of the stock in a transaction that occurred on Friday, December 26th. The stock was bought at an average price of $2.82 per share, with a total value of $28,200.00. Following the completion of the purchase, the chief executive officer directly owned 25,061 shares in the company, valued at $70,672.02. This represents a 66.40% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Jack Kendrick Heilbron also recently made the following trade(s):

• On Tuesday, December 16th, Jack Kendrick Heilbron purchased 10,000 shares of Presidio Property Trust stock. The shares were bought at an average price of $3.29 per share, for a total transaction of $32,900.00.
• On Wednesday, December 24th, Jack Kendrick Heilbron purchased 1,000 shares of Presidio Property Trust stock. The stock was bought at an average cost of $14.78 per share, with a total value of $14,780.00.

Presidio Property Trust Price Performance

Shares of SQFT opened at $3.26 on Wednesday. The firm has a market capitalization of $4.69 million, a PE ratio of -0.41 and a beta of 1.63. The company has a debt-to-equity ratio of 3.19, a current ratio of 1.78 and a quick ratio of 1.78. Presidio Property Trust, Inc. has a 1-year low of $2.60 and a 1-year high of $23.00. The company’s fifty day moving average price is $4.52 and its 200-day moving average price is $5.30.

Presidio Property Trust (NASDAQ:SQFT) last issued its earnings results on Wednesday, November 12th. The company reported ($1.53) earnings per share (EPS) for the quarter. The firm had revenue of $4.20 million during the quarter. Presidio Property Trust had a negative return on equity of 20.53% and a negative net margin of 38.70%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wall Street Zen lowered Presidio Property Trust to a “strong sell” rating in a research report on Saturday, October 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Presidio Property Trust in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Presidio Property Trust presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Presidio Property Trust stock. IFP Advisors Inc grew its stake in Presidio Property Trust, Inc. (NASDAQ:SQFT) by 10.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,843 shares of the company’s stock after purchasing 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 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.