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

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

Power REIT Price Performance

Power REIT stock opened at $1.05 on Friday. Power REIT has a 52 week low of $0.40 and a 52 week high of $2.75. The firm has a market cap of $3.56 million, a P/E ratio of -0.15 and a beta of 1.66. The company has a debt-to-equity ratio of 15.62, a quick ratio of 0.25 and a current ratio of 0.25. The business’s fifty day moving average is $1.12 and its two-hundred day moving average is $1.20.

Institutional Investors Weigh In On Power REIT

An institutional investor recently bought a new position in Power REIT stock. Virtu Financial LLC acquired a new position in shares of Power REIT (NYSE:PW) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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 reporting period. Institutional investors and hedge funds own 14.65% of the company’s stock.

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.