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

StockNews.com initiated coverage on shares of Power REIT (NYSE:PW) in a research report sent to investors on Saturday morning. The brokerage issued a sell rating on the stock.

Power REIT Trading Down 0.9 %

Shares of PW stock opened at $1.13 on Friday. The stock has a market cap of $3.83 million, a P/E ratio of -0.16 and a beta of 1.66. Power REIT has a 1 year low of $0.40 and a 1 year high of $2.75. 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 stock has a 50 day simple moving average of $1.11 and a 200 day simple moving average of $1.20.

Institutional Trading of Power REIT

A hedge fund recently bought a new stake in Power REIT stock. Virtu Financial LLC purchased a new stake in shares of Power REIT (NYSE:PW) during the 4th quarter, according to its most recent disclosure with the SEC. The fund 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 quarter. Hedge funds and other 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.