On December 16, 2023, **Jack Kendrick Heilbron**, the CEO of **Presidio Property Trust, Inc.** (NASDAQ: SQFT), made a significant investment by purchasing **10,000 shares** of the company’s stock. The shares were acquired at an average price of **$3.29 per share**, totaling **$32,900**. Following this transaction, Heilbron’s total ownership in the company rose to **15,061 shares**, valued at approximately **$49,550.69**. This purchase reflects a remarkable **197.59% increase** in his position within the firm.
The transaction was disclosed in a filing with the **Securities and Exchange Commission** (SEC), which provides transparency regarding insider trading activities.
Market Performance Overview
Following Heilbron’s purchase, shares of Presidio Property Trust experienced fluctuations. On the same day, the stock declined by **7.8%**, trading down **$0.29** to reach **$3.38**. The trading volume was recorded at **69,043 shares**, significantly lower than the average volume of **340,819 shares**. Over the past year, the stock has seen a low of **$2.60** and a high of **$23.00**. Currently, the stock’s **50-day moving average** stands at **$4.58**, while the **200-day moving average** is at **$5.31**. The firm has a market capitalization of **$4.87 million** and a price-to-earnings ratio of **-0.44**, indicating it is operating at a loss. Its beta value is **1.63**, suggesting higher volatility compared to the market.
Analyst Ratings and Institutional Investments
Recent evaluations from analysts reflect a cautious sentiment towards Presidio Property Trust’s stock. **Weiss Ratings** reaffirmed a **“sell (e+)”** rating on December 22, 2023, while **Wall Street Zen** downgraded the stock to a **“strong sell”** on October 11, 2023. According to **MarketBeat**, the average rating for the stock remains at **“Sell”**, with one analyst specifically advising against investment.
In a notable development, **IFP Advisors Inc.** recently increased its stake in Presidio Property Trust by **10%** during the second quarter of 2023. Following the acquisition of an additional **2,980 shares**, IFP Advisors now holds **32,843 shares**, which account for approximately **2.74%** of the company. Currently, institutional investors and hedge funds collectively own **38.92%** of Presidio Property Trust’s stock.
Established as a **real estate investment trust** (REIT), Presidio Property Trust focuses on acquiring and managing single-tenant commercial properties across the United States. The firm employs a net-lease strategy, enabling it to secure long-term leases with corporate tenants, thereby generating stable rental income while minimizing operational responsibilities.
Investors and analysts continue to monitor the developments surrounding Presidio Property Trust, especially in light of recent insider trading activities and market performance.
