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

Analysts at StockNews.com began coverage on shares of Power REIT (NYSE:PW) in a research report issued to clients and investors on Tuesday. The brokerage set a “sell” rating on the stock.

Power REIT Stock Performance

Shares of PW opened at $1.14 on Tuesday. The business’s 50 day moving average is $1.18 and its two-hundred day moving average is $1.19. Power REIT has a 52-week low of $0.40 and a 52-week high of $2.75. The firm has a market cap of $3.86 million, a price-to-earnings ratio of -0.16 and a beta of 1.63. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 15.62.

Hedge Funds Weigh In On Power REIT

A hedge fund recently bought a new stake in Power REIT stock. Virtu Financial LLC acquired a new position in shares of Power REIT (NYSE:PW) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 24,407 shares of the company’s stock, valued at approximately $32,000. Virtu Financial LLC owned about 0.72% of Power REIT at the end of the most recent reporting period. 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.