Research analysts at StockNews.com assumed coverage on shares of Power REIT (NYSE:PW – Get Free Report) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the stock.
Power REIT Price Performance
Power REIT stock opened at $0.55 on Tuesday. Power REIT has a 12 month low of $0.50 and a 12 month high of $3.47. The stock’s 50 day moving average is $0.62 and its 200-day moving average is $0.64. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $1.86 million, a price-to-earnings ratio of -0.12 and a beta of 1.02.
Institutional Investors Weigh In On Power REIT
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in Power REIT by 313.2% in the third quarter. Royal Bank of Canada now owns 3,099 shares of the company’s stock valued at $33,000 after purchasing an additional 2,349 shares during the period. Millennium Management LLC bought a new position in shares of Power REIT during the 4th quarter worth about $61,000. Captrust Financial Advisors bought a new position in shares of Power REIT during the 2nd quarter worth about $128,000. Price T Rowe Associates Inc. MD boosted its position in shares of Power REIT by 6.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,860 shares of the company’s stock worth $151,000 after purchasing an additional 700 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Power REIT during the 2nd quarter worth about $165,000. 14.65% of the stock is currently owned by institutional investors.
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.
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