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Presidio Property Trust (SQFT) Receives a Buy from Colliers Securities

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In a report released today, Barry Oxford from Colliers Securities reiterated a Buy rating on Presidio Property Trust (SQFTResearch Report), with a price target of $4.50. The company’s shares closed last Friday at $3.80, close to its 52-week low of $2.63.

According to TipRanks.com, Oxford is a 4-star analyst with an average return of 14.9% and a 82.8% success rate. Oxford covers the Financial sector, focusing on stocks such as Alpine Income Property Trust Inc, Preferred Apartment Communities, and Bluerock Residential Growth.

Currently, the analyst consensus on Presidio Property Trust is a Moderate Buy with an average price target of $4.50.

See Insiders’ Hot Stocks on TipRanks >>

Based on Presidio Property Trust’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.85 million and net profit of $850K. In comparison, last year the company earned revenue of $6.12 million and had a GAAP net loss of $1.92 million.

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SQFT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Presidio Property Trust Inc is a real estate company. The company operates as a self-administered real estate investment trust. Presidio Property Trust’s portfolio has diverse product type, consisting of office, retail, industrial, self-storage, and residential properties.

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