StockNews.com Initiates Coverage on Power REIT (NYSE:PW)

StockNews.com began coverage on shares of Power REIT (NYSE:PW) in a report released on Saturday. The brokerage set a “sell” rating on the stock.

Power REIT Price Performance

Shares of NYSE PW opened at $1.08 on Friday. The stock has a market capitalization of $3.66 million, a PE ratio of -0.15 and a beta of 1.26. The company has a debt-to-equity ratio of 15.62, a current ratio of 0.25 and a quick ratio of 0.25. The business has a fifty day moving average price of $1.23 and a two-hundred day moving average price of $1.24. Power REIT has a fifty-two week low of $0.40 and a fifty-two week high of $2.75.

Institutional Trading of Power REIT

A hedge fund recently bought a new stake in Power REIT stock. Virtu Financial LLC purchased a new stake in Power REIT (NYSE:PW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,407 shares of the company’s stock, valued at approximately $32,000. Virtu Financial LLC owned 0.72% of Power REIT at the end of the most recent quarter. Hedge funds and other 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.