Power REIT (NYSE:PW) Shares Up 0.8% – Should You Buy?

Power REIT (NYSE:PW)’s share price traded up 0.8% during trading on Thursday . The company traded as high as $1.00 and last traded at $0.9903. 16,342 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 98,182 shares. The stock had previously closed at $0.9827.

Power REIT Stock Performance

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 market cap of $3.36 million, a price-to-earnings ratio of -0.14 and a beta of 1.51. The stock’s 50 day moving average is $0.91 and its two-hundred day moving average is $1.00.

Hedge Funds Weigh In On Power REIT

A hedge fund recently bought a new stake in Power REIT stock. Pensionfund Sabic purchased a new stake in Power REIT (NYSE:PW) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 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 SEC filing. 14.65% of the stock is currently owned by institutional investors and hedge funds.

Power REIT Company Profile

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.