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

Investment analysts at StockNews.com started coverage on shares of Power REIT (NYSE:PW) in a research note issued to investors on Thursday. The firm set a “sell” rating on the stock.

Power REIT Stock Performance

Shares of PW opened at $1.12 on Thursday. Power REIT has a one year low of $0.40 and a one year high of $2.75. The company has a debt-to-equity ratio of 15.62, a quick ratio of 0.25 and a current ratio of 0.25. The company has a market capitalization of $3.80 million, a P/E ratio of -0.16 and a beta of 1.66. The stock has a 50-day moving average price of $1.15 and a 200 day moving average price of $1.19.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Power REIT stock. Virtu Financial LLC purchased a new position in shares of Power REIT (NYSE:PW) during the fourth quarter, according to its most recent filing with the Securities and 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. 14.65% of the stock is currently owned by hedge funds and other institutional investors.

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.