Presidio Property Trust, Inc. (NASDAQ:SQFT) Short Interest Update

Presidio Property Trust, Inc. (NASDAQ:SQFTGet Free Report) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 88,300 shares, a growth of 197.3% from the December 15th total of 29,700 shares. Based on an average daily trading volume, of 49,200 shares, the short-interest ratio is presently 1.8 days.

Institutional Investors Weigh In On Presidio Property Trust

A number of hedge funds have recently modified their holdings of the stock. WealthPLAN Partners LLC bought a new stake in Presidio Property Trust during the 4th quarter valued at $30,000. International Assets Investment Management LLC bought a new stake in shares of Presidio Property Trust in the 1st quarter valued at about $37,000. Virtu Financial LLC bought a new position in shares of Presidio Property Trust in the first quarter worth approximately $82,000. State Street Corp boosted its position in Presidio Property Trust by 14.0% during the 2nd quarter. State Street Corp now owns 26,569 shares of the company’s stock valued at $85,000 after buying an additional 3,270 shares during the period. Finally, BlackRock Inc. boosted its position in Presidio Property Trust by 27.3% during the 1st quarter. BlackRock Inc. now owns 31,070 shares of the company’s stock valued at $115,000 after buying an additional 6,665 shares during the period. Institutional investors own 9.26% of the company’s stock.

Presidio Property Trust Stock Performance

Shares of NASDAQ:SQFT traded up $0.02 during mid-day trading on Friday, reaching $1.16. The company had a trading volume of 2,230 shares, compared to its average volume of 22,236. The company has a current ratio of 4.67, a quick ratio of 4.67 and a debt-to-equity ratio of 1.50. The firm has a market cap of $15.25 million, a price-to-earnings ratio of 0.80 and a beta of 1.55. The company’s 50-day moving average price is $0.97 and its 200-day moving average price is $0.86. Presidio Property Trust has a one year low of $0.50 and a one year high of $1.45.

Presidio Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Monday, December 18th were issued a $0.023 dividend. The ex-dividend date was Friday, December 15th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 7.92%. Presidio Property Trust’s dividend payout ratio (DPR) is presently 6.34%.

Analysts Set New Price Targets

Separately, TheStreet raised shares of Presidio Property Trust from a “d” rating to a “c-” rating in a report on Friday, November 17th.

View Our Latest Stock Analysis on SQFT

About Presidio Property Trust

(Get Free Report)

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.

Further Reading

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