Key Points
- CEO Jack Kendrick Heilbron bought 10,000 shares on December 26 at an average price of $2.82 (~$28,200), bringing his holdings to 25,061 shares (a 66.4% increase); he also bought 10,000 shares on Dec. 16 and 1,000 shares on Dec. 24.
- Despite the insider buying, Presidio Property Trust shows weak fundamentals — market cap ~ $4.69 million, a recent quarterly EPS of -$1.53, negative ROE/net margin — and the analyst consensus is a Sell.
Presidio Property Trust, Inc. (NASDAQ:SQFT - Get Free Report) CEO Jack Kendrick Heilbron purchased 10,000 shares of the company's stock in a transaction that occurred on Friday, December 26th. The shares were purchased at an average price of $2.82 per share, for a total transaction of $28,200.00. Following the transaction, the chief executive officer 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Jack Kendrick Heilbron also recently made the following trade(s):
- On Tuesday, December 16th, Jack Kendrick Heilbron acquired 10,000 shares of Presidio Property Trust stock. The stock was purchased at an average price of $3.29 per share, with a total value of $32,900.00.
- On Wednesday, December 24th, Jack Kendrick Heilbron bought 1,000 shares of Presidio Property Trust stock. The shares were purchased at an average cost of $14.78 per share, for a total transaction of $14,780.00.
Presidio Property Trust Price Performance
NASDAQ:SQFT opened at $3.26 on Wednesday. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.19. Presidio Property Trust, Inc. has a 52 week low of $2.60 and a 52 week high of $23.00. The stock's 50-day moving average price is $4.52 and its 200-day moving average price is $5.30. The stock has a market capitalization of $4.69 million, a PE ratio of -0.41 and a beta of 1.63.
Presidio Property Trust (NASDAQ:SQFT - Get Free Report) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($1.53) earnings per share for the quarter. Presidio Property Trust had a negative return on equity of 20.53% and a negative net margin of 38.70%.The business had revenue of $4.20 million during the quarter.
Analysts Set New Price Targets
Several brokerages recently commented on SQFT. Wall Street Zen lowered shares of Presidio Property Trust to a "strong sell" rating in a report on Saturday, October 11th. Weiss Ratings reissued a "sell (e+)" rating on shares of Presidio Property Trust in a research note on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of "Sell".
Get Our Latest Research Report on Presidio Property Trust
Institutional Investors Weigh In On Presidio Property Trust
An institutional investor recently raised its position in Presidio Property Trust stock. IFP Advisors Inc raised its holdings in shares of Presidio Property Trust, Inc. (NASDAQ:SQFT - Free Report) by 10.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,843 shares of the company's stock after buying an additional 2,980 shares during the quarter. IFP Advisors Inc owned about 2.74% of Presidio Property Trust worth $172,000 as of its most recent SEC filing. Institutional investors own 38.92% of the company's stock.
Presidio Property Trust Company Profile
(
Get Free Report)
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.
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