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

Equities research analysts at StockNews.com started coverage on shares of Power REIT (NYSE:PW) in a research report issued on Wednesday. The firm set a “sell” rating on the stock.

Power REIT Stock Down 0.9 %

Power REIT stock opened at $1.16 on Wednesday. The company has a market capitalization of $3.93 million, a P/E ratio of -0.16 and a beta of 1.63. The company has a debt-to-equity ratio of 15.62, a quick ratio of 0.25 and a current ratio of 0.25. Power REIT has a fifty-two week low of $0.40 and a fifty-two week high of $2.75. The stock has a 50-day simple moving average of $1.16 and a 200-day simple moving average of $1.19.

Institutional Investors Weigh In On Power REIT

An institutional investor recently bought a new position 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 filing with the SEC. The institutional investor purchased 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 and hedge funds 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.