Power REIT (NYSE:PW) Trading Down 2.2% – Should You Sell?

Power REIT (NYSE:PW) shares traded down 2.2% on Friday . The stock traded as low as $9.20 and last traded at $9.0550. 6,239 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 8,699 shares. The stock had previously closed at $9.26.

Power REIT Stock Performance

The firm’s 50 day moving average price is $8.83 and its 200-day moving average price is $8.58. The firm has a market cap of $3.32 million, a price-to-earnings ratio of -1.28 and a beta of 1.32. 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 Trading of Power REIT

A hedge fund recently bought a new position in Power REIT stock. Pensionfund Sabic acquired a new position in shares of Power REIT (NYSE:PW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 29,948 shares of the company’s stock, valued at approximately $26,000. Pensionfund Sabic owned 0.88% of Power REIT as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 14.65% of the company’s stock.

About Power REIT

Power REIT is a real estate investment trust focused on acquiring and managing rural properties that support sustainable energy and agricultural uses. The company’s primary business activities involve purchasing farmland and timberland and granting long-term easements to renewable energy developers and utilities for solar and wind projects. By combining traditional land ownership with energy-transition partnerships, Power REIT seeks to generate stable, lease-based cash flows while preserving the underlying real estate’s value.

The firm’s portfolio includes solar and wind easements on timberland in states such as Virginia, Alabama and Georgia, as well as farmland in the Midwest leased to agricultural operators.