Power REIT (NYSE:PW) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Power REIT (NYSE:PW) in a report issued on Friday. The firm set a “sell” rating on the stock.

Power REIT Stock Down 2.6 %

PW stock opened at $1.13 on Friday. The stock has a market capitalization of $3.83 million, a price-to-earnings ratio of -0.16 and a beta of 1.26. The company has a 50-day moving average of $1.30 and a two-hundred day moving average of $1.26. Power REIT has a 52-week low of $0.40 and a 52-week high of $2.75. The company has a debt-to-equity ratio of 15.62, a current ratio of 0.25 and a quick ratio of 0.25.

Institutional Investors Weigh In On Power REIT

A hedge fund recently bought a new stake in Power REIT stock. Virtu Financial LLC bought a new position in shares of Power REIT (NYSE:PW) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 24,407 shares of the company’s stock, valued at approximately $32,000. Virtu Financial LLC owned approximately 0.72% of Power REIT as of its most recent SEC filing. 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.