Power REIT (NYSE:PW) Now Covered by StockNews.com

Stock analysts at StockNews.com began coverage on shares of Power REIT (NYSE:PW) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the stock.

Power REIT Stock Performance

Shares of PW stock opened at $0.51 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a fifty day simple moving average of $0.62 and a two-hundred day simple moving average of $0.64. The firm has a market capitalization of $1.73 million, a PE ratio of -0.12 and a beta of 1.02. Power REIT has a 52-week low of $0.50 and a 52-week high of $3.45.

Institutional Investors Weigh In On Power REIT

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Power REIT by 2.7% in the first quarter. Vanguard Group Inc. now owns 118,904 shares of the company’s stock valued at $4,684,000 after acquiring an additional 3,137 shares during the period. Renaissance Technologies LLC lifted its position in shares of Power REIT by 6.5% in the 1st quarter. Renaissance Technologies LLC now owns 112,096 shares of the company’s stock worth $4,415,000 after purchasing an additional 6,795 shares during the period. State Street Corp boosted its stake in Power REIT by 11.5% in the first quarter. State Street Corp now owns 8,362 shares of the company’s stock valued at $329,000 after acquiring an additional 862 shares in the last quarter. Vident Investment Advisory LLC grew its holdings in Power REIT by 66.2% in the first quarter. Vident Investment Advisory LLC now owns 6,769 shares of the company’s stock worth $267,000 after purchasing an additional 2,697 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in Power REIT during the 2nd quarter worth $198,000. Institutional investors own 14.65% of the company’s stock.

About Power REIT

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.