Analysts at StockNews.com assumed coverage on shares of Power REIT (NYSE:PW – Get Free Report) in a report issued on Sunday. The brokerage set a “sell” rating on the stock.
Power REIT Trading Down 8.7 %
Shares of PW stock opened at $1.05 on Friday. The stock has a market capitalization of $3.56 million, a price-to-earnings ratio of -0.15 and a beta of 1.26. The company’s fifty day simple moving average is $1.22 and its two-hundred day simple moving average is $1.22. Power REIT has a 1 year low of $0.40 and a 1 year high of $2.75. The company has a debt-to-equity ratio of 15.62, a current ratio of 0.25 and a quick ratio of 0.25.
Institutional Trading of Power REIT
A hedge fund recently bought a new stake in Power REIT stock. Virtu Financial LLC bought a new position in Power REIT (NYSE:PW – Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 24,407 shares of the company’s stock, valued at approximately $32,000. Virtu Financial LLC owned approximately 0.72% of Power REIT at the end of the most recent reporting period. 14.65% of the stock is owned by institutional investors and hedge funds.
Power REIT Company Profile
Power REIT, with a focus on the Triple Bottom Line and a commitment to Profit, Planet and People is a specialized real estate investment trust (REIT) that owns sustainable real estate related to infrastructure assets including properties for Controlled Environment Agriculture, Renewable Energy and Transportation.
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