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

Equities researchers at StockNews.com assumed coverage on shares of Power REIT (NYSE:PW) in a research report issued to clients and investors on Sunday. The brokerage set a “sell” rating on the stock.

Power REIT Stock Performance

Shares of PW opened at $1.05 on Friday. The stock has a 50 day moving average of $1.22 and a 200 day moving average of $1.22. The company has a market capitalization of $3.56 million, a price-to-earnings ratio of -0.15 and a beta of 1.26. Power REIT has a 12 month low of $0.40 and a 12 month 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.

Hedge Funds Weigh In On Power REIT

An institutional investor recently bought a new position in Power REIT stock. Virtu Financial LLC purchased a new position in shares of 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 0.72% of Power REIT as of its most recent filing with the SEC. 14.65% of the stock is currently owned by institutional investors and hedge funds.

Power REIT Company Profile

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.