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

Equities researchers at StockNews.com started coverage on shares of Power REIT (NYSE:PW) in a research note issued on Sunday. The brokerage set a “sell” rating on the stock.

Power REIT Price Performance

Shares of PW opened at $1.14 on Friday. The firm has a market cap of $3.88 million, a PE ratio of -0.16 and a beta of 1.26. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 15.62. The firm has a fifty day simple moving average of $1.23 and a two-hundred day simple moving average of $1.23. Power REIT has a 1-year low of $0.40 and a 1-year high of $2.75.

Institutional Investors 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 Power REIT (NYSE:PW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,407 shares of the company’s stock, valued at approximately $32,000. Virtu Financial LLC owned approximately 0.72% of Power REIT at the end of the most recent reporting period. 14.65% of the stock is owned by institutional investors.

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.