David H. Lesser Acquires 2,000 Shares of Power REIT (PW) Stock
Power REIT (NYSEMKT:PW) CEO David H. Lesser acquired 2,000 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was acquired at an average price of $6.14 per share, for a total transaction of $12,280.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Power REIT (NYSEMKT PW) traded up 0.81% during midday trading on Friday, hitting $6.25. The stock had a trading volume of 6,629 shares. Power REIT has a 52-week low of $6.00 and a 52-week high of $9.46. The company’s 50 day moving average is $6.74 and its 200 day moving average is $7.09.
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Separately, ValuEngine lowered Power REIT from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st.
A hedge fund recently raised its stake in Power REIT stock. Renaissance Technologies LLC boosted its position in shares of Power REIT (NYSEMKT:PW) by 8.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,300 shares of the financial services provider’s stock after purchasing an additional 1,700 shares during the quarter. Renaissance Technologies LLC owned about 1.25% of Power REIT worth $148,000 as of its most recent filing with the Securities & Exchange Commission.
About Power REIT
Power REIT is a real estate investment trust (REIT) that holds, develops, acquires and manages real estate assets related to transportation and energy infrastructure in the United States. The Company, within the transportation and energy infrastructure sectors, is focused on making new acquisitions of real estate that are or will be leased to renewable energy generation projects, such as utility-scale solar farms and wind farms.
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